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Calculations are examples based on a series of assumptions
ASSUMPTIONS
GENERAL:
Based on rates and thresholds for 2025/26.
Assumes 12 months worked post 6th April 2025
No income from other sources in the tax year
Working 40 hours per week over 52 weeks
28 days holiday per year
1257L tax code
UMBRELLA
You are not subject to SDC
Includes Parasol umbrella solution margin - £15 average
Holiday pay is paid in advance of taking any annual leave
Pension is not taken into account
No expenses can be claimed.
LIMITED
Assignments are not subject to IR35
Includes flat rate VAT benefit for the first year at 15.5%.
Director's fee of £229 per week
Includes Caroola Accountancy fee of £135 per month
Claiming £265 expenses per week
Claiming 200 business miles per week
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