Which nation offers the most lucrative IT contracts ?

[d000hg]

Iran?

[zerointeractive]

That figure is NET of tax/NI/charges etc not GROSS (before taxation).

I know, but still.. I don't get it how these calculations are done: 450GBP per 20 days avg/month = 9000GBP (gross).
Moreover, is pointless to quantify personal charges as these may be affected by different lifestyles.

In the end, it is interesting to see from SJD Accountancy calculator that taxes in UK are much better than here in Belgium: here taxes amount to 55% while in UK seems to be around 25%.

[istvan]

Sorry but these amounts are quite unusual to me: your umbrella is costing you almost 40% of your rate ? 3.300 / 250 gives 13.2 days per month ? Sorry can you explain it to me ?

Yes you pay about 40%, do not forget the umbrella will not pick up ER NI, you will be charged for it in umbrella expenses on top of the fees. The 3,300 is what you get minus fees and taxes, etc. That is your net.

[istvan]

I know, but still.. I don't get it how these calculations are done: 450GBP per 20 days avg/month = 9000GBP (gross).
Moreover, is pointless to quantify personal charges as these may be affected by different lifestyles.

In the end, it is interesting to see from SJD Accountancy calculator that taxes in UK are much better than here in Belgium: here taxes amount to 55% while in UK seems to be around 25%.

Are we comparing PAYE with PAYE or Ltd here? PAYE will cost you about 40% going through an umbrella. If you have your UK Ltd you may be around 25%, but only if you are outside IR35.

[Mister Clark]

Are we comparing PAYE with PAYE or Ltd here? PAYE will cost you about 40% going through an umbrella. If you have your UK Ltd you may be around 25%, but only if you are outside IR35.

25%? Think your doing something wrong.