Outside IR35 · via a limited company
Outside IR35 calculator
Operating as a genuine business through your own limited company. Revenue is taxed twice — corporation tax inside the company, then income and dividend tax on whatever you extract — so how you take it out matters as much as what you bill.
Your contract
£
Billable days after holidays and gaps
Scotland sets its own income tax bands
Taking money out
Salary is deductible before corporation tax, but attracts income tax and NI
Reduce this if the business is jointly owned
%
Company costs
Accountancy, software, insurance
£
Equipment, training, professional fees
£
Results
Take home
£72,293
per year
Total capital
£72,293
incl. pension
Total tax & NI
£42,707
37.1% effective
Revenue
£115,000−£13,706
Profit before tax
£101,295Corporation tax
−£23,093Marginal relief of 2230.58 applied — effective rate 22.80%.
Net profit
£78,201Dividends
£78,201−£18,478
Take home
£72,293Total capital
£72,293Assumptions
- • Corporation tax assumes no associated companies and a 12-month accounting period.
- • Employment Allowance not claimed — a company whose only employee is a single director is not eligible.