We have updated our contractor tax calculator for the 2017-18 rates and allowances.
Those of you that have read our blog on HMRC programming difficulties will know that the income tax calculation is getting more complicated and harder to programme into a simple spreadsheet.
This tax calculator is designed to work as a comparison for contractors and the self-employed between trading through a limited company or working as self-employed. There are some different salary options included in the limited company calculations, so you can make an informed choice. The calculator assumes your income is trade income or dividend income and does not take into consideration savings income and the savings rate band.
Download the new tax calculator here: Tax Calculator 2017-18
If you need more tailored advice then please do not hesitate to contact us via this website.