I'm working on an IR35 job and have hit a bump I'm struggling to overcome.
I can work out the deemed payment and the employer's NIC that applies. However when I come to work out the employee's NIC I'm in two minds. Does the deemed payment get a full set of NIC thresholds, or do I need to take into account the amounts already used by the PSC in making the £8,788 salary payment? I am of the opinion it is the former, as the fee payer is deemed to be an employer, so should logically get its own NIC thresholds.
Would you agree?
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This link explains it better than i could https://www.contractoruk.com/ir35/how_calculate_deemed_payment_under_ir3...
This link explains it better than i could https://www.contractoruk.com/ir35/how_calculate_deemed_payment_under_ir3...
Thanks, but that wasn't what I was asking. I'm fine getting to the deemed payment, it's after that I am lacking certainty as to whether a fresh NI threshold is used or whether account needs to be taken of the amounts paid by the PSC.