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Danbro Umbrella including Employers NI in Gross taxable?? How???

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    Danbro Umbrella including Employers NI in Gross taxable?? How???

    Hi,

    I've recently been thinking of moving to Danbro coz I used their calculator online which shows the Gross Taxable = Income - Expenses simply. It isnt subtracting Employers NI from the income but at the same time not taking any tax on it. As a proof, I asked them to send me a sample payslip to remove the doubt that their calc might me wrong.

    Can anyone tell me how in the world are they doing it. Its important for me coz I need to use my gross later on when applying for immigration purposes. So more gross taxable gives me huge advantage.

    http://www.danbro.co.uk/umbrella-com...calculator.php

    Regards,
    Waqar

    #2
    I don't think payslips show employer's NI. It's nothing to do with the employee.

    All employer's must charge employer's NI on salary. I don't see why Danbro would be any different.

    Comment


      #3
      Originally posted by Hex View Post
      I don't think payslips show employer's NI. It's nothing to do with the employee.

      All employer's must charge employer's NI on salary. I don't see why Danbro would be any different.
      A company that employed you as a permie would have to pay the employer's NI. When you're a contractor working through an umbrella then you have to pay the employer's NI yourself and it will therefore be included as a deduction on your payslip.

      HTH

      Comment


        #4
        Originally posted by viki83 View Post
        Hi,

        I've recently been thinking of moving to Danbro coz I used their calculator online which shows the Gross Taxable = Income - Expenses simply. It isnt subtracting Employers NI from the income but at the same time not taking any tax on it. As a proof, I asked them to send me a sample payslip to remove the doubt that their calc might me wrong.

        Can anyone tell me how in the world are they doing it. Its important for me coz I need to use my gross later on when applying for immigration purposes. So more gross taxable gives me huge advantage.

        http://www.danbro.co.uk/umbrella-com...calculator.php

        Regards,
        Waqar

        go Ltd - then you can use the turnover which is a higher figure again as it includes VAT...
        Cenedl heb iaith, cenedl heb galon

        Comment


          #5
          Originally posted by viki83 View Post
          It isnt subtracting Employers NI from the income but at the same time not taking any tax on it. As a proof, I asked them to send me a sample payslip to remove the doubt that their calc might me wrong.
          When I tried it it clearly shows the employer's NI being deducted.
          Will work inside IR35. Or for food.

          Comment


            #6
            turnover including vat ... am i missing something here ?

            Comment


              #7
              Originally posted by sidknows View Post
              turnover including vat ... am i missing something here ?

              If you are looking to "maximise" the £££ that you quote for say a mortgage, then if you inoive 100,000 + VAT your Turnover = £117,000.

              If you just use your "income" as in salary & dividends, then the amount quoted is much less.

              The OP needs the information for immigration purposes, and I guess the higher figure he can achieve the better, whether the people who he gives thefigures to will know how Turnover differs from "pre tax income" I don't know - but my guess is they won't.
              Cenedl heb iaith, cenedl heb galon

              Comment


                #8
                Usually pre-tax turnover refers to company tax not "Salary and Dividends". I.e. company income.

                As the VAT money is never yours to decide what to do with, you are merely the collector of the tax, it seems odd to include it in your turnover calculation. But then, if you're wanting to deceive a bank into lending you more money, that wouldn't bother you.
                Down with racism. Long live miscegenation!

                Comment


                  #9
                  i'm not really familiar with the umbrella company calculations ,so I just had a quick look at the danbro calculator out of curiousity


                  According to them the fees for their services are reimbursed to the contractor in full ie 18 a week charge is added back to the net pay

                  Am I missing something here ?

                  Comment


                    #10
                    Originally posted by sidknows View Post
                    Am I missing something here ?
                    Yes, a few marbles.

                    Comment

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