Off payroll comparison calculator

Use this calculator to calculate the return when you move from an outside IR35 contract
to an inside IR35 contract because of off-payroll.

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	Inside/Outside
	Company	Deemed employee
Contractor rate
Annual income
Annual take home
Monthly take home
Return

Assumptions:

Based on the tax rates applicable in 2022/23 and 44 working weeks in a year.
The illustration compares an Outside IR35 contract vs Inside IR35 contract when working through a limited company.
Chapter 8 of IR35 applies, where standard 5% deduction for expenses is allowed for running the company.
This will not apply to contractors working for Large or medium sized or public sector clients from 6 April 2021.
Annual accountancy Fee is £1,200.
No expenses are claimed through the company apart from salary of £11,908.