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Your Details:
Hourly rate £25
Hours per week 37.5
Weeks per year 44
Salary £8,000
Legitimate section 98 expenses £3,000
Pension contributions £0
Other income £0
Tax code 1250L
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

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