Corporation tax inside IR35

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Kenny@MyAccountantFriend replied

11 July 2018, 07:05
Yes that is correct and there will be some business expenses that reduce the 5% for you such as accountancy fees and insurance.
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DkPowers started a topic Corporation tax inside IR35

10 July 2018, 17:13
Corporation tax inside IR35

Hi folks,

I have a simple question which I am struggling to find a clear answer to.

I have a limited company. 1 client who pay me monthly. Private sector. The one contract falls inside IR35.

Each month my accountant runs the IR35 calculation and I pay myself the 95% deemed payment as salary. I pay PAYE and NIC tax at this point.

Am I right in thinking that I should only be liable for the other 5% when it comes to paying corporation tax?

Many thanks
Tags: confusion, corporation tax, ir35