Your Details
| Your Details | Rate | £289 |
| Rate Type | Daily | |
| Hours per week | 37.5 | |
| Days per week | 5 | |
| Weeks per year | 44 | |
| Salary | £8,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Other income | £0 | |
| Tax code | 1250L | |
| Personal Income | Net Annual Income | £38,463 |
| Net Monthly Income | £3,205 | |
| Company Income | Contract revenue | £63,593 |
| Other income | £0 | |
| Total revenue | £63,593 | |
| Company Expenditure | Allowable Expenses 5% | £3,179 |
| Employers N.I. on salary | £0 | |
| Salary | £8,000 | |
| Legitimate section 98 expenses | £3,000 | |
| Pension contributions | £0 | |
| Total expenditure | £14,179 | |
| Net Result (Effective Income) | £49,413 | |
| Additional Employers NI Due 19th April | £5,992 | |
| Deemed payment | £43,421 | |
| Tax Calculations | Taxable Income (salary + deemed payment) | £51,421 |
| Employees NI | £0 | |
| PAYE | £0 | |
| Additional Employers NI | £5,992 | |
| Additional Employees NI | £4,888 | |
| Additional PAYE | £8,068 | |
| Extra tax payable on 19th April | £18,949 |