Re:Umbrellas
What I'm saying is that the second part of the above should read -
Umbrella = claim all travel expenses, training costs, relocation costs etc. Everything else treated as salary
Training costs, for example, are specifically part of the 5% under IR35 but not if you're outside the scope of IR35.
And I would have to say that at least part fo the 5% is always eaten up with admin charges like accountancy fees, bank charges etc.
IR35 Ltd company = claim all travel expenses, claim up to 5% of turnover as expenses. Everything else treated as salary
Umbrella = claim all travel expenses. Everything else treated as salary
Therefore the ordinary umbrella arrangement misses out on the up to 5% of turnover claimable as expense via a limited company.
Umbrella = claim all travel expenses. Everything else treated as salary
Therefore the ordinary umbrella arrangement misses out on the up to 5% of turnover claimable as expense via a limited company.
Umbrella = claim all travel expenses, training costs, relocation costs etc. Everything else treated as salary
Training costs, for example, are specifically part of the 5% under IR35 but not if you're outside the scope of IR35.
And I would have to say that at least part fo the 5% is always eaten up with admin charges like accountancy fees, bank charges etc.
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