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Reply to: Very Simple Question
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Previously on "Very Simple Question"
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Guest repliedThank you!
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Guest repliedHi Bill,
This is a very commonly asked question. The reason you have to pay both lots of NI is because you are paid, through an umbrella company, in the same way as a Director of a Limited Company whose contract has failed IR35. A company director is both employee and employer and therefore both apply. This is also why, under an umbrella company, IR35 becomes irrelevent.
Hope this helps
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Guest repliedthats how they work
You didnt think that the brolly would pay your employers NI for you did you ?
All the tax and NI come out of your earnings. plus the brolly fee, which is why it is better to be ltd in almost all cases, possible exception of absolute bang to rights ir35 failure and only intending to contract for a short time.
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Very Simple Question
Hi. I'm with a brolly - why am I deducted both Employee NI and Employer NI on my payslip?Tags: None
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