Hi folks,
I have a simple question which I am struggling to find a clear answer to.
I have a limited company. 1 client who pay me monthly. Private sector. The one contract falls inside IR35.
Each month my accountant runs the IR35 calculation and I pay myself the 95% deemed payment as salary. I pay PAYE and NIC tax at this point.
Am I right in thinking that I should only be liable for the other 5% when it comes to paying corporation tax?
Many thanks
I have a simple question which I am struggling to find a clear answer to.
I have a limited company. 1 client who pay me monthly. Private sector. The one contract falls inside IR35.
Each month my accountant runs the IR35 calculation and I pay myself the 95% deemed payment as salary. I pay PAYE and NIC tax at this point.
Am I right in thinking that I should only be liable for the other 5% when it comes to paying corporation tax?
Many thanks
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