Contractor Tax

In this section you will find a number of simple guides to tax legislation that is likely to affect you and give you a basic understanding of what you need to be aware of.

If you would like to appoint Contractor Umbrella as your employer, please visit our sign up page or if you have any questions about contracting please call us on 01206 591 000 or email jaime.thorpe@contractorumbrella.com.

 

 

The pages

Umbrella Company Tax Explained

Everyone needs to pay tax, however, as an umbrella company contractor you will notice some different taxes on your payment summaries which aren’t found on the payslips of permanent workers, or invoices of limited company contractors or sole traders.

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P11D and Umbrella Company Contractors

P11D is a form sent to HMRC covering certain expenses and benefits provided for employees and directors for the full financial year from the 6th to the 5th of April.

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The Budget October 2021

The Chancellor, Rishi Sunak was in the House of Commons to announce the latest budget on Wednesday 27th October 2021. Much had been announced prior to the actual budget day, and you can take a look at our handy summary below to see what his latest budget means for you.

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The Budget March 2021

Chancellor Rishi Sunak delivered his much anticipated budget on Wednesday 3rd March 2021 with contractors and the self employed waiting for news on the IR35 changes. You can read a summary of the budget here and what it means for you.

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The Budget 2020

On Wednesday 11th March 2020 Rishi Sunak delivered his first post Brexit Budget less than a month into the job. So what exactly did the Chancellor say and, more importantly, what did it actually mean?

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IR35 and the private sector

Discover the latest information on the 2020 changes to IR35 in the private sector.

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Tier 2 Visa’s & Umbrella Company Contractors

Contractors who want to apply for a visa to work in the UK on a contract should first visit the UK Border Agency website and use the Points Based Calculator to work out how many points they score.

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What is a loan scheme, and why you shouldn’t use one

First thing’s first – what is a contractor loan scheme? Contractor loan schemes (or, as the Government calls them, disguised remuneration arrangements) take many forms – but the underlying structure is that a freelance or contract worker signs a contract of employment with an employer or EBT (employment benefit trust), usually located outside mainland UK Read More...

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