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.
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How Does Umbrella Contractor Tax Work?
The way in which umbrella tax works is unique compared to other methods of contracting and this is because of the fact that although the contractor will reap many of the benefits associated with self-employment, they are still technically employed – by their umbrella company.
Read MORERechargeable Expenses Form
Please complete the form below to update us with your rechargeable expenses claim.
Read MOREAutumn Statement 2022
The Autumn Statement took place on Thursday 17th November 2022, with Chancellor Jeremy Hunt describing the next two years as ‘challenging’.
Read MOREMini-Budget 2022
The Mini-budget took place on Friday the 23rd of September 2022, with the new Chancellor Kwasi Kwarteng claiming that these were the biggest tax cuts in a generation.
Read MOREThe Budget
A list of the most recent budgets from the current and previous Chancellors of the UK.
Read MORESpring Statement 2022
With the cost of living rising sharply over the last few months, many have been eager to learn what the Spring Statement will bring. Here’s what you need to know as an umbrella contractor.
Read MOREWhat you need to know about the National Insurance rise
The cost of living has risen sharply in the UK over recent months and now National Insurance contributions are set to increase this April. Here’s a breakdown of what you need to know and how it will impact you as an umbrella company contractor.
Read MOREUmbrella 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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