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Question about the calculator section

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    Question about the calculator section

    and the "IR35 caught" option, trying to work out the difference if you have to backpay the PAYE and NI equivalent if deemed to be inside rather than outside IR35.

    The differences in the tax and NI pay structures are straightforward enough, but it doesn't take into account things like potential interest and fines, what sort of figures are these likely to amount to if applicable?
    Last edited by Dandyman; 8 May 2009, 14:14.

    #2
    Helpful answer - it depends. Interest rates and penalty charges can fluctuate.

    Let's assume a two year period is in question and the interest rate is 8% (which I know it isn't at the moment). If HMRC applied a 30% penalty it gets close to 50% of the tax and NI.
    Qdos Contractor - IR35 experts

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