Moved from Umbrella to Ltd

[CloudWalker]

Is the contract longer than 6 months and more than £220 per day?

Its a 3 to 6 month contract maybe more @ £175 pd

[CloudWalker]

Start my new contract tomorrow for 3 - 6 months, But have to pay £5 pd in parking + £10 Fuel + Food
Just hope I can put it through my Ltd company now I'm set up.

[cojak]

Start my new contract tomorrow for 3 - 6 months, But have to pay £5 pd in parking + £10 Fuel + Food
Just hope I can put it through my Ltd company now I'm set up.

You can certainly put parking and mileage through the books.

Not lunch though.

[northernladuk]

Start my new contract tomorrow for 3 - 6 months, But have to pay £5 pd in parking + £10 Fuel + Food
Just hope I can put it through my Ltd company now I'm set up.

Maybe you need to do more reading on LTD's as you appear not to have the grasp yet. You can put it through the company (assuming you haven't fallen foul of the 24 month rule, look it up) but you only save the difference in tax. The rest still comes out of your pocket at the end of the day. You also use 45p/25p a mile, you don't claim for fuel.

[Andrew@Wisteria]

Maybe you need to do more reading on LTD's as you appear not to have the grasp yet. You can put it through the company (assuming you haven't fallen foul of the 24 month rule, look it up) but you only save the difference in tax. The rest still comes out of your pocket at the end of the day. You also use 45p/25p a mile, you don't claim for fuel.

NLUK is quite right, Company Cars are not worth it unless you have a car that is not worth driving! (I.e. electric car)

You'll be much better off claiming mileage. 45p for first 10,000 miles.

[LisaContractorUmbrella]

Start my new contract tomorrow for 3 - 6 months, But have to pay £5 pd in parking + £10 Fuel + Food
Just hope I can put it through my Ltd company now I'm set up.

Has your accountant not provided you with a 'are you new to this' type guide? If so I would read cover to cover and if not I would ask why and then look at another accountant possibly. Have you thought about your IR35 status as well?