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Company Calculations - Inside IR35

Your Details

Your Details Rate £607
Rate Type Daily
Hours per week
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 £70,294
Net Monthly Income £5,857
Company Income Contract revenue £133,650
Other income £0
Total revenue £133,650
Company Expenditure Allowable Expenses 5% £6,682
Employers N.I. on salary £0
Salary £8,000
Legitimate section 98 expenses £3,000
Pension contributions £0
Total expenditure £17,682
Net Result (Effective Income) £115,967
Additional Employers NI Due 19th April £14,062
Deemed payment £101,904
Tax Calculations Taxable Income (salary + deemed payment) £109,904
Employees NI £0
PAYE £0
Additional Employers NI £14,062
Additional Employees NI £6,164
Additional PAYE £33,445
Extra tax payable on 19th April £53,673

Other relevant information:

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