PAYE (on £6,000, Tax code 1257L, Fiscal Year 2004/2005)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Starting rate | 10% | 0 | £2,020 | £0 |
Basic rate | 22% | £2,020 | £31,400 | £0 |
Higher rate | 40% | £31,400 | - | £0 |
Total Tax: | £0 |
Employees NI (on £6,000, Fiscal Year 2004/2005)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Primary threshold | 0% | 0 | £91 | 0 |
rate below upper earnings limit | 11% | £91 | £610 | £139 |
rate above upper earnings limit | 1% | £610 | - | £0 |
Total Tax: | £139 |
Employers NI (on £6,000, Fiscal Year 2004/2005)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Secondary class 1 rate | 12.8% | £91 | - | £162 |
Total Tax: | £162 |
Corporation Tax (on £48,587, Fiscal Year 2004/2005)
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
Basic rate | 0% | 0 | £10,000 | £0 |
Lower marginal relief | 19/400 | £10,000 | £50,000 | (£67) |
Small co. rate | 19% | £50,000 | £300,000 | £9,231 |
Upper marginal relief | 11/400 | £300,000 | £1,500,000 | (£0) |
Standard rate | 30% | £1,500,000 | - | £0 |
Total Tax: | £9,164 |
Dividend Payment (First Shareholder, Fiscal Year 2004/2005)
Salary | £6,000 |
Net Dividend | £39,423 |
Grossed up dividend (pre 2016/2017) | N/A |
Tax code | 1257L |
Taxable income (taxable dividends + salary - allowance) | £37,233 |
Amount subject to tax | £5,833 |
Dividend tax | £1,312 |
Band | Rate | Lower Limit | Upper Limit | Tax |
---|---|---|---|---|
basic rate | 0% | 0 | £31,400 | £0 |
higher rate | 32.5% | £31,400 | £0 | £1,312 |
Total Tax: | £1,312 |