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Company Calculations - Inside IR35

Your Details

Your Details Rate £25
Rate Type Hourly
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 £25,818
Net Monthly Income £2,151
Company Income Contract revenue £41,250
Other income £0
Total revenue £41,250
Company Expenditure Allowable Expenses 5% £2,062
Employers N.I. on salary £0
Salary £8,000
Legitimate section 98 expenses £3,000
Pension contributions £0
Total expenditure £13,062
Net Result (Effective Income) £28,187
Additional Employers NI Due 19th April £3,418
Deemed payment £24,769
Tax Calculations Taxable Income (salary + deemed payment) £32,769
Employees NI £0
PAYE £0
Additional Employers NI £3,418
Additional Employees NI £2,896
Additional PAYE £4,053
Extra tax payable on 19th April £10,368

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