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I was going to get paid via PAYE through an agency and I was going to get paid hourly. So I thought if I go through an Umbrella or setup a LTD at least I can claim the expenses back especially mileage as I will be doing 300 miles a week.
Hi,
Looking at setting up a Limited company instead of going through an Umbrella. I am a bit confused about the tax implications; personal TAX, corporation TAX?
Can someone give me a rough idea about how much tax I would pay on a £21000 contract?
Thanks.
I am also thinking about going LTD moving from using a Umbrella company and these online accountancy firms are a lot cheaper than what I got quoted for locally. My local accountant wants approx. £135 per month maybe a bit less!