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| Why
choose us
The Big Picture
| How we help
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IR35
Tax Saving
The tax difference between a rumeration structure
which complies with IR35, versus one that minimises your tax leakage,
can typically be around £12,000. This is calculated as follows:
| |
IR35 Compliant |
Minimum Tax Leakage |
| Turnover |
60,000 |
60,000 |
Net Salary: |
|
|
- Self |
33,874 |
4,890 |
- Spouse |
- |
4,890 |
- PAYE/NIC |
20,126 |
- |
Other Expenses |
6,000 |
6,000 |
Corporation Tax |
0 |
8,402 |
Dividends: |
|
|
- Self |
0 |
32,236 |
- Spouse |
0 |
3,582 |
| |
|
|
Total Tax Leakage |
20,126 |
8,402 |
Practical Examples of our IR35 Expertise
- Preparing dormant accounts for Contractors who have
transferred 'onto the books' of the client.
- Acting for Contractor
clients who are geographically remote from us.
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- Operating the
payroll and calculating the year end IR35 'deemed
payment' IR35 adjustment.
- Corresponding with the Inland Revenue, on your behalf,
in relation to IR35 status disputes and the related tax
enquiries.
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