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Retain up to 93% of your gross annual contract value. Fully UK Based. Compliant with all UK tax legislation including IR35, BN66, MSC rules, and Disguised Remuneration rules.
Contractors have three main options when deciding which financial arrangements to use. They are:
 PAYE - i.e. the contractor is an employee of the agency (not tax efficient)
 Umbrella Company - standard or high return
 Limited Company
We do not consider PAYE on our website as we have assumed most contractors will wish to pursue the more tax efficient options available to them. We explain below how limited companies work. To find out how the Umbrella Company options work, visit our Umbrella Company section.
Unlike umbrella companies and composite companies, a limited company is set up purely for you. Usually you will be the only shareholder and the only employee. It is a way of trading that many self employed people use. They do so because it is a fairly tax efficient way of operating. They draw a modest salary from their limited company on which PAYE is operated and then pay the rest of the limited company's profits out as dividends. They do this because dividends are not liable to PAYE or employer's or employee's NIC.
Is your limited company too much hassle? Would you like an easier life and a higher return? Why not check out our IR35 solution. You could retain up to 93% of your gross annual contract and ditch the hassles of your limited company at the same time.
Find out more about our IR35 Solution now!
Drawbacks of limited companies:
For the long term contractor, the drawbacks of the limited company could be quiet frustrating when compared with high return umbrella companies.
Set up costs:
You can usually get into and out of an umbrella company without any charge. This is because when you join an umbrella, it already exists. It does not have to be set up. You are just added as a new employee. Similarly, when you leave an umbrella, it does not have to be dissolved. You are just removed as an employee. However, with a limited company, you will need to pay to have the company incorporated and you will need to pay to have it dissolved when you don't want it anymore. However, these charges may not be that large and may be acceptable to you when you assess how much tax you will save in a limited company as compared with a normal umbrella company. The set up costs and hassles are unlikely to be acceptable, however, if when comparing with a high return umbrella company which has no joining or leaving fees.
Are you worried about IR35? Are you concerned that you may not be compliant? Then why not take a look at our IR35 Solution? We ensure you are fully compliant with IR35 at all times as well as giving you a great return and a hassle free life.
Solve your IR35 problems and get a personalised brochure and take home calculation for our Contractor Solution now!
You will need an accountant and a company bank account for your limited company and you will need to keep books or find somebody to keep them for you. You will need to raise invoices to your clients and be responsible for collecting the money.