Umbrella vs IR34 Ltd Take Home

portseven

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#1

Umbrella vs IR34 Ltd Take Home

17 March 2008, 20:40

Whats the difference between being in a brolly or a Ltd under IR35 regards take home pay?

Politicians are wonderfull people, as long as they stay away from things they don't understand, like working for a living!
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MrRobin

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#2

17 March 2008, 21:05

You can utilise an extra expense allowance of 5% of gross income when using a Ltd under IR35.

It's about time I changed this sig...
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r0bly0ns

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#3

17 March 2008, 21:34

and you don't have to pay umbrella fees.

But you should be paying accountancy fees........
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beaker

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#4

17 March 2008, 21:43

Whew! Just thought there was another tax to worry about for a second there (IR34)...

Don't ask Beaker. He's just another muppet.
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daviejones

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#5

18 March 2008, 06:59

Is IR34 the watered down version?

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Archangel

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Archangel doesn't make much sense

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#6

18 March 2008, 08:57

And profit from the Fixed rate VAT scheme
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