NI & Tax

[Troll]

Yup the real answer is total leaving comapny bank account.... which seems to be hovering around £450 @month.

Can't say in 15 years contracting I can ever recall it being that much... but then again we've never had 10 years of bollux labour government so I suppose it's only 'fair'

Can see now why so much stuff is going offshore

[malvolio]

Emloyers PAYE?

Don't you mean Employees PAYE?

Depends on the definition of "what the company pays".

In my opinion, the Employees NIC and PAYE are paid by me as they come out of what the company would have given to me if they didn't exist.

Therefore the only thing the company pays is Employers NI.

OK, typo alert - sorry!

However I assumed the OP was asking about company bank account outgoings, not about who it actually belongs to. The whole point of PAYE is that you get paid net, after all, so some of your money goest to you and some to Hector, but both leave the same account.

Don't care either way - both answers are correct!

[r0bly0ns]

Erm, yes - but the company will also pay the employer's PAYE and NICs, hence £500-ish in total.

Emloyers PAYE?

Don't you mean Employees PAYE?

Depends on the definition of "what the company pays".

In my opinion, the Employees NIC and PAYE are paid by me as they come out of what the company would have given to me if they didn't exist.

Therefore the only thing the company pays is Employers NI.

[malvolio]

£160 / month for company payments (Employers NI)


HTH

Erm, yes - but the company will also pay the employer's PAYE and NICs, hence £500-ish in total.

[r0bly0ns]

£160 / month for company payments (Employers NI)


HTH

[malvolio]

Does anyone pay themselves a 15 k salary ? if so how big are your monthly company payments to HMRC for tax & NI (or quarterly )

You can work it out accurately from the CDROM in your HMRC employers pack, but it will be somewhere around £1500 a quarter (or £500 a month but you don't pay it monthly)

[Troll]

Does anyone pay themselves a 15 k salary ? if so how big are your monthly company payments to HMRC for tax & NI (or quarterly )