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Part
A |
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Contractor details pre IR35 |
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1
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Annual contract income before IR35 |
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This
is your annual contract value (net of Vat) entered as a whole number and
must be between £24,000 and £240,000. |
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2
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Weekly
travel expenses |
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Enter
your average weekly claimable travel expenses. |
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3
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Other
weekly administrative expenses |
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Enter
your estimated average general tax-deductible expenses (a value between
£0 to £500).
(As a guidelinethis can include telephone, mobile, postage,
stationary, rent, training costs, but excluding accountancy fees). |
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4
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Annual
accountancy fees |
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Enter
your annual accountancy fees including year end accounts fee. Also include
company specific tax advice fees excluding personal self-assessment fees. |
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5
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Annual
pension contributions |
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Enter
the annual amount of employers contribution payable to an approved pension
scheme. |
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6
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Annual
business insurance premium |
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Enter
the annual amount payable if you have taken out any insurance. |
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7
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Salary
paid to you as a director |
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Enter
your set salary level as a director of your limited company.
This must be a minimum of £3,000. |
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Part
B |
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as a Contractor Post IR35 |
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Estimated
annual contract value as of 6th April 2000 onwards |
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For a direct comparison
enter the same figure as in box 1 for your first analysis. From then
on you can adjust the value to run a what if analysis. ie: Work out
the new contract rate post IR35 required to obtain the same net income
as you were earning pre IR35.
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Part
C |
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| Details
as a permanent employee |
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Estimated
annual salary as a permanent employee |
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your expected annual salary, which will be made up of your basic salary
plus any estimated yearly bonus. For a direct comparison enter the same
figure as in box 1 for your first analysis. From then you can adjust the
value to run a what if analysis. |
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| This
taxmoney.com tax calculator will analyse the data you have entered and give
you a breakdown of the Income Tax and National Insurance payable in the
United Kingdom. Although we have tried to make the results as accurate
as possible, we cannot cover all variables and therefore recommend that
you consult a suitably qualified accountant for a more accurate analysis.
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This
tax calculator is the copyright of taxmoney.com.
Any unauthorised use of this program will result in legal action.
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