Norla Group

IR35 tax calculators, news and solutions for UK contractors

Contractor Calculator - Inside IR35

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  • Your gross annual revenue is £41,250.
  • Deducting your expenses of  £2,062 results in a profit of £30,118.
  • Total taxes are £11,816, which is 28% of your company revenue.
  • Your net annual income is £24,372, and net monthly income is £2,031.
  • To earn the same via permanent employment would require a salary of £32,702.

Other relevant information:

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IR35 solutions for Contractors:

Norla Group: Umbrella Solutions From £60 / Month. 100% Compliant. Join Now!

Sanzar Payment Solution: Retain minimum 85% of contract value, with no IR35 concerns.

Crystal Umbrella: Crystal clear payment solutions.

Parasol: Award winning customer service. Excellent returns. FREE insurances.

PayScheme+: Tax efficient IR35 solutions. Up to 87% of contract value.

Nixon Williams Accountancy: Accountancy service for contractors. Fixed fee £60 per month.

Consultant Technologies: Our contractors earn more & stress less. Security & great benefits!

Atlantic Umbrella: Service driven and tax efficient. Pays on timesheets.