VAT Registration

[XLMonkey]

I've decided to go with a Umbrella for the first few months, as my Bank Account wont be set up in time (waiting on new passport). I'm surprised that my take home pay is so high with umbrella (80%).

Don't worry, wait till April and the government will take that surprise away and replace it with another one....

[Diestl]

I'm only using them for the Feb and March at most, before the new legislation comes in, by then Ill be Ltd.

[~Craig~]

which brollie are you planning on using?

[Maxamus]

brollies always state over the top take home pay. In the end i doubt you would be taking home more than 78%

[Diestl]

Giant Powerhouse

[~Craig~]

Thats your first mistake then.......try looking at ContractorUmbrella (run by SJD) or Parasol. They seem to be the legit ones.

[Diestl]

Why are Giant not a legitimate company at the moment?

[~Craig~]

I seem to remember quite a few people having problems with Giant. Try searching the forums.

[Maxamus]

i use to use giant before i went limited a few weeks ago.
I used them for around 2.5 months and i never had any problems with them.
I did start to get problems when i had to send my reciepts in. Thats where the system went down hill!
Payements for reciepts that they had recieved were not on payroll on right week if at all. I had to ring them a few times to tell them that they have the reciepts so why they not adding it to expenses.

Anyway, i was paid on time, they were good getting back to my emails, and all round not bad.

However i am now through my own limited company around £300 a month better off as a minimum!

[BOBJ]

13 weeks!!!!!

...to issue you with a vat number. WTF !

Think about it, they have to make sure they don't give you a number they have already used. To do that they go through all their paper records one by one and write down the numbers they already have. Then they try and find one they haven't used...then they find some more paper records and check those. Then they realise they've lost the first list they wrote. Then they send you someone elses VAT registration number.