Shield for Contractors

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

Company Calculations - Outside IR35

Your Details

Your Details Rate 371
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
Dividend percentage 100%
Personal Income Net Annual Income 324,015
Net Monthly Income 27,001
Company Income Contract revenue 613,602
Other income 0
Total revenue 613,602
Company Expenditure Expenses 3,000
Employers N.I. on salary 0
Salary 8,000
Pension contributions 0
Total expenditure 11,000
Company profit 602,602
Corporation tax 114,494
Distributed profits 488,107
Tax Calculations Taxable Income (salary + net dividend) 496,107
Employees NI 0
PAYE 1,600
Additional tax on dividends (1st share) 170,492
Additional tax on dividends (2nd share)

Other relevant information:

Show tax calculations