close company mvl

The UK's leading contractor site. 200,000 average monthly visitors.

Company Calculations - Outside IR35

Your Details

Your Details Rate £521
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
Dividend percentage 100%
Personal Income Net Annual Income £75,642
Net Monthly Income £6,303
Company Income Contract revenue £114,622
Other income £0
Total revenue £114,622
Company Expenditure Expenses £3,000
Employers N.I. on salary £0
Salary £8,000
Pension contributions £0
Total expenditure £11,000
Company profit £103,622
Corporation tax £19,688
Distributed profits £83,933
Tax Calculations Taxable Income (salary + net dividend) £91,933
Employees NI £0
PAYE £0
Additional tax on dividends (1st share) £16,291
Additional tax on dividends (2nd share) £

Other relevant information:

Show tax calculations