RE: FN-FORUM [OT] Employers NI Contributions

date posted 1st December 2002 22:05

At those rates, you won't even get close to hitting the threshold figure for
VAT registration unless there's a major element of resale in your business.
And if you're careful with your choice of contracts you can avoid IR45/ENI.

Best wishes,
Ross Hamilton

--
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DJSE Limited, Willow End, Mawthorpe, Alford, Lincolnshire, LN13 9LT
T: 01507 466 797
F: 01507 463 731
M: 07970 801 661
http://www.djse-ltd.co.uk

-----Original Message-----
From: [EMAIL REMOVED]
[EMAIL REMOVED] Behalf Of Darren Beale
Sent: 01 December 2002 20:55
To: [EMAIL REMOVED]
Subject: FN-FORUM [OT] Employers NI Contributions


Hi,

I've been doing my (first ever) cashflow forcast for the next 12 months and
I have some rather specific question relating to NI/PAYE...

I'm only going to pay myself a minimum salary, minimum wage (£4.20 per hour
* 8 hrs * 5 days * 4 weeks ) = £736.00.
Then the company has to pay employers NI contributions @ 11.9% (12.9% after
April) Is that right?

Bonus question, still relating to this cashflow forcast...
VAT, I only forcast VAT that the Co has to pay for sales (inc VAT) right? I
don't have factor in the VAT I claim back off all 'Payments' - say -
Captital Equipment?

I'll run this by my accountant tommorrow, but I'd prefer to know what I'm
talking about when I speak to him.

thanks

--
Darren Beale - Acksys Ltd
Office: 020 8530 1454
Fax: 07092 394822
Mobile: 07711 716197
http://www.acksys.co.uk



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