Hi all,
What's the common practise for contractors in regard to taxation?
I've heard that there is generally an umbrella company created which 'employs' the contractor and that the salary is paid through this.
So does that make the contractor Self Employed or PAYE ?
I thought that Contracting was a self-employed status ?
Can contractors claim back expenses for travelling to their place of work, buying IT equipment etc as part of a tax return ?
Can anyone point me in the right direction of information of moving from PAYE to Contract-based employment ?
Thx
PK
What's the common practise for contractors in regard to taxation?
I've heard that there is generally an umbrella company created which 'employs' the contractor and that the salary is paid through this.
So does that make the contractor Self Employed or PAYE ?
I thought that Contracting was a self-employed status ?
Can contractors claim back expenses for travelling to their place of work, buying IT equipment etc as part of a tax return ?
Can anyone point me in the right direction of information of moving from PAYE to Contract-based employment ?
Thx
PK