Re: Payslips
Well it's definitely not Clear Sky Contracting
Well it's definitely not Clear Sky Contracting
-
-
Re: Payslips
oops finger trouble.....sorry.Comment
-
Re: Payslips
Hi Debbie, just noticed that the Employees NI is the same is both cases. Is this because of the upper limit ie £49.60 being the most u can pay.
cos surely the employees NI ould be calcuated against the salary so seeing at the salary is different in both cases then the employees NI would be different. I presume this has something to do with the upper limit......Comment
-
Re: Payslips
Hi Skippy
You're right - £49.60 is the upper weekly limit for Employees NIC for the current tax year.
From 6th April there will be an additional 1% Employees NIC on amounts above the upper limit threshold.Comment
-
Re: Payslips
Well I've checked my payslips and my secret brolly
are doing it correctly, so I'm ok. You had me worried for a bit there, perhaps it would have been better to have put the example up sooner?
Comment
-
Re: Payslips
Blimey, an extra 1% above the threshold??
What is the threshhold??
Now theres a good reason to be outside IR35 if ever I saw one......Comment
-
-
Re: Payslips
Debbie tried to contact you by phone this afternoon, after reading your post.
quick question for you, when you say...
"The salary does relate to the contract income coming in but if the calculations are not done correctly then the Inland Revenue benefits and the contractor suffers!!"
surely that's not right. is’nt any over payment given back to the contractor at year-endComment
-
Re: Payslips
Hi Sniper
Your message received late yesterday evening.
The way that the (incorrect) calculation has been done means the the additional Employers NIC (and tax and Employees NIC) has already been paid over to the IR and accounted for. There would not be a refund at year end.
Give me a call if you want to discuss further.Comment
-
Re: Payslips
Debbie and Rooney, is there a difference between the two of you?
what's your problem, need new business? As our mate Kipling says "If you can talk with crowds and keep your virtue"Comment
Comment