Just checking dividend calc

[Nixon Williams]

Hmm. Computer says no ?

But HMRC says YES!

HM Revenue & Customs: Rates and thresholds for employers

Due to a quirk, the start point of NIC for employers and employees for 2011/12 will be different!

Employees NIC starts on salaries above £7,225

Employers NIC starts on salaries above £7,072

Alan

[Lumiere]

But HMRC says YES!

HM Revenue & Customs: Rates and thresholds for employers

Due to a quirk, the start point of NIC for employers and employees for 2011/12 will be different!

Employees NIC starts on salaries above £7,225

Employers NIC starts on salaries above £7,072

Alan

Thanks! listentotaxman used to be quite reliable before, wonder how they managed to miss this one.

[listentotaxman]

Hola,

listentotaxman (that's me) does his best to update the site with the correct figures, but has to rely on his feedback to point out any errors in the calculator.

The rates have now been updated, and all should be well.

Oh, and I've also included childcare vouchers, but I don't know if that applies to being a contractor.

[Lumiere]

Hola,

listentotaxman (that's me) does his best to update the site with the correct figures, but has to rely on his feedback to point out any errors in the calculator.

The rates have now been updated, and all should be well.

Oh, and I've also included childcare vouchers, but I don't know if that applies to being a contractor.

Thanks for the update.

Yes the childcare vouchers may apply but they would normally be on the top of the salary, not as a deduction.