-
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Recent content by BtfBA
-
B
Data Modellng tools?
Talking about relational dBs, and applying the Merise approach, I would generally recommend AnalyseSI, or a better option could be Mocodo. If you need to represent some more object-oriented scenarii and cases (applying UML), I can think of Rational Rose. -
B
UK Tax & Salary calculations
Gentlemen, in my current situation I declare some expenses, and (according to the items motivating the expenses) I get the VAT refunded. At least it should work accordingly with the Ltd scheme in the UK.- BtfBA
- Post #18
- Forum: Accounting / Legal
-
B
UK Tax & Salary calculations
Thanks for the warning, I appreciate. It is really a disgrace to be withdrawn your ownership on some items you have yourself bought. Eventhough I imagine that the mentioned admin fee is low, I find it is existing is already something absurd, really. I dunno if all umbrella do such, but that...- BtfBA
- Post #17
- Forum: Accounting / Legal
-
B
UK Tax & Salary calculations
Gentleman, thanks for the information. I had thought that IR35 was driven foremost by the employment status. I am realising I need to dig this serious subject before jumping with both feet into the contract. As per your last post, I was quite surprised by the laptop example. I had precisely in...- BtfBA
- Post #14
- Forum: Accounting / Legal
-
B
UK Tax & Salary calculations
Thanks for the tips. I will go for a quick simulation and see what would be the result under a ltd. A 5% gap with the umbrella is worth risking headaches with paperwork and legal stuffs.- BtfBA
- Post #11
- Forum: Accounting / Legal
-
B
UK Tax & Salary calculations
OK fellow contractors, I have input a different value in the allowable expense (a more realistic £20,000.00 amount) and it gets a 69% take home pay.- BtfBA
- Post #10
- Forum: Accounting / Legal
-
B
UK Tax & Salary calculations
I do agree with your range of take home pay. Although the CUK calculator is introducing some doubts.- BtfBA
- Post #8
- Forum: Accounting / Legal
-
B
UK Tax & Salary calculations
I have not been informed of such a gap between umbrella and ltd entities, otherwise I would be considering to establish a limited company. Correct me if I am wrong but if I fall outside the IR35 status under an umbrella account, I expect to fall as well outside the IR35 with a ltd.- BtfBA
- Post #7
- Forum: Accounting / Legal
-
B
UK Tax & Salary calculations
Thanks Craig@InTouch. Hereafter is the extraction from the calculator: Calculation based on: Current rate: £450 Monthly Umbrella fee: £200 Average hours per week: 39 Average weeks per year: 46 Annual allowable expenses: £6000 Tax code of 647L I have to say though that the input of...- BtfBA
- Post #6
- Forum: Accounting / Legal
-
B
UK Tax & Salary calculations
Hi, Before asking for your precious help in understanding the tax & calculations standards in the UK, I would like to thank the staff and the community for having a professional space where one can pick some relevant information. I am a BA in invesment banking, willing to relocate in London...- BtfBA
- Thread
- Replies: 19
- Forum: Accounting / Legal
