Umbrella company IR35 solution for contractors returning up to 86%. IR35 compliant. All insurances included.
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IR35
Compliance ! |
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Whether you are new to contracting or have been contracting for years, you should take a look at our IR35 solution. It's like an umbrella company but better. It offers a return of up to 86% which is higher than an ordinary umbrella company and higher than a personal service company. It's much better than a personal service company because you don't have the hassle of keeping books or invoicing or doing VAT returns or payroll returns or corporation tax returns or annual accounts. It's so easy. You send your timesheet to your agency and to our UK umbrella company and we do the rest. We can have you up and running on the scheme within 48 hours (sometimes 24 hours in very urgent cases). And as you'd expect from our IR35 Solution, it is IR35 Compliant! The solution comes complete with all the necessary insurances (public liability, professional indemnity, etc) and the quality of service is excellent! Contact us now for more information and for a personalised take home pay calculation: |
Umbrella Companies: [Page 1]
IMPORTANT: After reading this section of our website, you will NOT have a complete and accurate understanding of umbrella companies until you have read our new section on the Managed Service Company rules (MSC rules).
Ordinary Umbrella Companies:
An ordinary umbrella company is a company whose employees are all contractors. The umbrella company enters into contracts with its contractors' agencies or clients and then pays its contractors a salary on which PAYE is operated. The umbrella may also reimburse expenses to the contractor under a P11D dispensation obtained from HMRC in order to gain a small tax advantage. HMRC have recently alluded to a crack on on the "abuse" of such expenses reimbursements and dispensations so expect this aspect of ordinary umbrella companies to be attacked soon.
Since the contractors income is received net of PAYE, ordinary umbrella companies are not caught by IR35. But of course, umbrella companies do not offer any of the tax breaks of self employment. The return from an ordinary umbrella will be about 60% to 64%.
Regarding the Managed Service Company rules, HMRC's own guidance states that umbrella companies are not caught by the MSC rules.
Ordinary umbrella companies are probably suitable for new contractors, or for contractors who intend contracting only in the very short term. But for the long term contractor the return will be too low. A high return umbrella company will be more appropriate.
High Return Umbrella Companies
The difference between a high return umbrella company and an ordinary umbrella company is that the high return variant pays only a small part of the contractor's income as salary (under full deduction of UK PAYE). The rest of the contractor's income is paid via a tax efficient mechanism and this will usually be an Employee Benefit Trust. The return from such schemes will usually be between 79% and 86%.
There are a number of these schemes available. Most have a legal opinion from a tax barrister. Providing you select a diligent and well managed provider, you should find that such schemes are very robust. When selecting a provider......
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Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Over 40 pages of advice Practical tips to beat IR35 Essential for contractors
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Over 40 pages of advice Practical tips to beat IR35 Essential for contractors
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around |
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"IR35 Compliance" is a trading style of The Holdsworth Organisation Ltd, a company registered in England number 5309465.