Contractor UK Bulletin Board - View Single Post - (another) First Timer looking for advice pls!

Ravello · 22nd July 2008, 10:50

The first thing to be aware of is that if you're going down the Umbrella Co. route you don't need to worry about IR35 since your earnings will be paid as a salary by the Umbrella.

Rate-wise the amount seems reasonable for the role, but it depends on a whole lot more, i.e. location, sector, your expectations and current income. You're really the only person who can decide if the rate is right.

Expenses: If you're living away from home those costs (£100 pw in your example) can be recharged via the umbrella as expenses, as can an evening meal (and breakfast). You can also charge travel costs accordingly. Make sure however, that all of this is receipted, and ignore claims from any Umbrella Co telling you that you don't need receipts to claim £x per day. They may have an agreement not to provide receipts to HMRC but this doesn't extend to you.

22nd July 2008, 10:50	#2
Ravello Should try harder Join Date: Aug 2007 Location: Thames Valley Posts: 166	The first thing to be aware of is that if you're going down the Umbrella Co. route you don't need to worry about IR35 since your earnings will be paid as a salary by the Umbrella. Rate-wise the amount seems reasonable for the role, but it depends on a whole lot more, i.e. location, sector, your expectations and current income. You're really the only person who can decide if the rate is right. Expenses: If you're living away from home those costs (£100 pw in your example) can be recharged via the umbrella as expenses, as can an evening meal (and breakfast). You can also charge travel costs accordingly. Make sure however, that all of this is receipted, and ignore claims from any Umbrella Co telling you that you don't need receipts to claim £x per day. They may have an agreement not to provide receipts to HMRC but this doesn't extend to you.