I met someone today who is looking to set up a limited company and go down the contracting route. He read on a website the on average contractors pay tax at 22% rather than the high rate. He referred me to the website and it does say this but in my opinion its rubbish.
My question however is, why would someone have a limited company rather than remain as a paye worker?
My question however is, why would someone have a limited company rather than remain as a paye worker?