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Contractor Calculator Assumptions

  • Our margin may vary depending on the agreement we have in place with your agency/end client. Please call 01296 468 483 in order to receive a more accurate calculation. You can also click here to request a call back

  • Working 40 hours per week over 52 weeks

  • 23/24 tax and NIC rates

  • There is no additional income from any other sources

  • Full employee personal allowance per year (tax code 1257L)

Limited Calculation

  • Flat rate scheme for VAT with first year discount applied

  • Claiming 10,000 miles per annum at 45p

  • Other expenses claimed over the year £1,100

  • Accountancy fees based on our Orange Genie Professional package at £120 plus VAT

  • One owner/director involved in the company

Umbrella Calculation

  • Expenses £67 per week (unless resulting salary is below NMW)

  • Umbrella margin included

  • Not under SDC (Supervision, Direction or Control) legislation which affects your ability to claim expenses

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