PAYE (on £8,000, Tax code 1250L, Fiscal Year 2019/2020)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Basic rate | 20% | 0 | £37,500 | £0 |
| Higher rate | 40% | £37,500 | £150,000 | £0 |
| Additional rate | 45% | £150,000 | - | £0 |
| Total Tax: | £0 |
Employees NI (on £8,000, Fiscal Year 2019/2020)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Primary threshold | 0% | 0 | £166 | 0 |
| rate below upper earnings limit | 12% | £166 | £962 | £0 |
| rate above upper earnings limit | 2% | £962 | - | £0 |
| Total Tax: | £0 |
Employers NI (on £8,000, Fiscal Year 2019/2020)
| Band | Rate | Lower Limit | Upper Limit | Tax |
|---|---|---|---|---|
| Secondary class 1 rate | 13.8% | £166 | - | £0 |
| Total Tax: | £0 |
IR35 Taxes (on Deemed Payment of £24,769, Fiscal Year 2019/2020)
| Additional Employers NI | £3,418 |
| Additional Employees NI | £2,896 |
| Additional Paye | £4,053 |
| Total Taxes payable in April | £10,368 |