DNS-Accountants

Off-payroll comparison

What is your Day Rate?

The calculations are for illustrative purposes only. We will not accept any liability to any party on the results produced by the calculator. You should seek professional advice to calculate your tax liability.*

Result

	Outside IR35	Off-Payroll Applies
	Limited Company	Limited Company
Contractor Rate
Annual income
Annual take home
Monthly take home
Return
You receive a daily income of		for 44 weeks in a year working 5 days a week
Your current annual take home with the company
If off-payroll applies the take home changes to
That's a decrease in net annual income of
In percentage terms this equates to
The fee-payer increase in cost - Employer's NI+Levy
For the fee-payer the costs of hiring increases by
You effectively need to increase your daily rate by
The effective daily rate should be
This will increase your net in hand to
Total Increase in Cost to Fee Payer

Assumptions:

Based on the tax rates applicable in 2022/23 and 44 working weeks in a year.
Annual accountancy Fee is assumed at £1,200 .
No expenses are claimed through the company apart from salary of £11,908.