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Well I am asking a specific question about contract changes within Umbrella companies over the last two years.
I directly stated that Ltd's were not within the scope of my query yet you provided the knee jerk response I tried to prevent!
I have researched the legislation and of course scoured...
When I was contracting a few years ago I used a couple of Umbrellas that set me up as a "Temporary Worker" - nice and simple. Minimal administration and easy to understand payments.
Now that I'm coming back to contracting again, it seems the Umbrella agreements are all a lot more complex...
Something stinks with those numbers (regardless of the exorbitant fees!)
The Employee's NI figure should be based on the £67k invoiced, less £8k expenses, less £2.7k fees, less the Employer's NI which is allowable. This would result in an E'ee NI liability of roughly £3.5k - Not the £2k per...