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From the Paymaster General:
"I announced, on 23 September, that a 5% flat rate deduction for expenses would be allowed on top of all the other expenses, which will normally be available to an employee. This deduction will be available even where the worker is only involved in contracts which...
Please correct me if I'm wrong...
If you work through an umbrella company, you can be more tax efficient if you pay into the company pension scheme. If you pay into a personal pension, you will pay more tax.
Do any umbrella companies offer good stakeholder pensions? Is anyone using them?
If I am in deemed employment then the company "employing" me should be responsible for my training? I don't see that happening as the contract is not long enough for them to justfy the training expense.
If I add a clause to my contract stipulating that the "employer" is not responsible for my...
I am a noob, so please excuse my ignorance...
So, if I can't claim this as a business expense, do I have to pay for it myself from net earnings?
If this is the case, do I also have to pay VAT as I am paying for it and not the company?
I am a new contractor and I am starting a contract in 2 weeks which will fall inside IR35.
Before I start the contract, I am planning to gain a professional certificate costing £1600 which will help me perform my job at this contract as well as help me get new contracts.
Is there any way to...