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My new online tax calculator

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    #31
    Looks nice. Couple of minor suggestions: the warning "VAT registration must be enabled as your turnover is over the VAT registration threshold (£73000)" is fine, but the automated addition of VAT isn't appropriate when the income is out of scope of VAT - would be nice to have the warning while allowing to proceed without automatically adding VAT. Also, the "simple home office" allowance has gone up from 3*52=156 to 4*52=208, I believe.

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      #32
      Thanks for the props cojak

      Filthy - no mobile version in the plan, not in my current skill set.

      JB - yeh, out of UK services needs looking into. Will check home office.

      Finally for Lithium: you can now select the tax year. There's a drop down in the company settings:

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        #33
        Seems a messy calculator in my view, this one is much easier to understand:

        https://www.nixonwilliams.com/net_pay_calculator.asp
        "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

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          #34
          Originally posted by Waldorf View Post
          Seems a messy calculator in my view, this one is much easier to understand:

          https://www.nixonwilliams.com/net_pay_calculator.asp
          The NW one only has 10% of the features of the Inni one.
          I find the comparison between umbrella, inside IR35, outside IR35, pointless.
          I am the director of my company and that how it is, no need to compare..

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            #35
            month pay

            Thanks for fast turn around on features, good work..

            I like the monthly pay idea.

            What I have just worked out for this tax year is:
            - my PAYE per month
            - my dividends per month
            - partners dividends per month

            So now I know what to pay myself (and partner) for the next 12 months. So I could setup standing orders..

            Also, might good to know the remainder per month.
            So then I can use this to consider how much is left for other things I am looking at:
            - pension
            - investment
            - company car
            - capital purchases

            So then I will know how much I can spend safely in any month without causing company to go into debt.

            T

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              #36
              Originally posted by lithium147 View Post
              The NW one only has 10% of the features of the Inni one.
              I find the comparison between umbrella, inside IR35, outside IR35, pointless.
              I am the director of my company and that how it is, no need to compare..
              10% - I see your maths is up to scratch.

              The calculator gives you the monthly figures if you want, you just need to click on the detailed report button!
              "The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." Cicero

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                #37
                This is very good tax calculator. I really like the PDF summary.

                Many things got clear after looking at the PDF Summary.

                Well Done!

                Thanks

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                  #38
                  Clever... Just a note.. Use of home office has gone up to £4 a day.
                  'CUK forum personality of 2011 - Winner - Yes really!!!!

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                    #39
                    Originally posted by northernladuk View Post
                    Clever... Just a note.. Use of home office has gone up to £4 a day.
                    Actually £4 a week... They are not that generous!!!

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                      #40
                      Originally posted by legal View Post
                      Actually £4 a week... They are not that generous!!!


                      Absolutely correct. My bad.
                      'CUK forum personality of 2011 - Winner - Yes really!!!!

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