Hi Guys,
I'm a newbie, have just started contracting.
Am using umbrella to process my payroll, have just had first payslip. The amount of tax that is being deducting seems very high. As i have submitted my P45 to them. Was wondering if anyone had an idea of the correct tax deduction amounts. The figues are:
Work period 18/05/04 - 04/06/04 @ 18ph = £2016
Deductions-
Employers NI: 192.60
Employees NI: 165.50
Tax: 358.11
Tax code: 474L
Not including service charge, expenses claim
Does this sound correct to you?
Any opinions or guidance would be greatly appreciated.
Thanks
I'm a newbie, have just started contracting.
Am using umbrella to process my payroll, have just had first payslip. The amount of tax that is being deducting seems very high. As i have submitted my P45 to them. Was wondering if anyone had an idea of the correct tax deduction amounts. The figues are:
Work period 18/05/04 - 04/06/04 @ 18ph = £2016
Deductions-
Employers NI: 192.60
Employees NI: 165.50
Tax: 358.11
Tax code: 474L
Not including service charge, expenses claim
Does this sound correct to you?
Any opinions or guidance would be greatly appreciated.
Thanks
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