Your Details
Your Details | Rate | £607 |
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 | £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 |