Thanks for the replies
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Previously on "First Contract and First umbrella company"
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Originally posted by malvolio View PostApart from the bit about illegally claiming expenses, that is...
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Originally posted by Wanderer View PostNone of them like it when you leave. So if you do leave then make sure they have paid your last invoice before you tell them that you are no longer working for them. Or just don't tell them you are leaving, string them along and let them think you will take another assignment with them but as it turns out, you never do.
If you don't do this then some of them are inclined to withhold expenses which you have claimed because you have only worked a single assignment with them. HMRC's rules say that if it was your intention that you would only work one assignment then your expenses are indeed not allowable but if this is just the way it turned out and you always intended to do multiple assignments then you are OK. Some umbrellas apply the more strict interpretation to this...
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None of them like it when you leave. So if you do leave then make sure they have paid your last invoice before you tell them that you are no longer working for them. Or just don't tell them you are leaving, string them along and let them think you will take another assignment with them but as it turns out, you never do.
If you don't do this then some of them are inclined to withhold expenses which you have claimed because you have only worked a single assignment with them. HMRC's rules say that if it was your intention that you would only work one assignment then your expenses are indeed not allowable but if this is just the way it turned out and you always intended to do multiple assignments then you are OK. Some umbrellas apply the more strict interpretation to this...
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Originally posted by LisaContractorUmbrella View PostAgree with the guys. As NLUK says - if it is your intention to only work on a single assignment with an umbrella company then your workplace will be considered permanent an you will have no entitlement to claim travel or subsistence expenses. These can only be claimed if you are travelling to a temporary workplace as defined by HMRC.
As JamesBrown and Wanderer say, with regard to take home pay - all umbrella companies work in exactly the same way - we all pay through PAYE, we can only give tax relief on costs that would be approved by HMRC as expenses - the only difference will be the umbrella company's margin and the level of service that you receive. You may see adverts from companies offering 85%+ take home pay but before you consider one of those I would have a read through here: HMRC Scheme Enquiries.
If you decide, for whatever reason, to leave your current umbrella company you will need to terminate your employment with them (there should be a notice period in your contract) and you will need to notify your agency of your intention.
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Trafalgar is quite good. Not the cheapest but their level of service is exemplary from my experience with them.
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Giant are awful, parasol are no better both to be avoided. there are better brollys out there
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Agree with the guys. As NLUK says - if it is your intention to only work on a single assignment with an umbrella company then your workplace will be considered permanent an you will have no entitlement to claim travel or subsistence expenses. These can only be claimed if you are travelling to a temporary workplace as defined by HMRC.
As JamesBrown and Wanderer say, with regard to take home pay - all umbrella companies work in exactly the same way - we all pay through PAYE, we can only give tax relief on costs that would be approved by HMRC as expenses - the only difference will be the umbrella company's margin and the level of service that you receive. You may see adverts from companies offering 85%+ take home pay but before you consider one of those I would have a read through here: HMRC Scheme Enquiries.
If you decide, for whatever reason, to leave your current umbrella company you will need to terminate your employment with them (there should be a notice period in your contract) and you will need to notify your agency of your intention.
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Originally posted by jamesbrown View PostSome companies are more upfront than others about the composition of the various charges or "employment costs". You should be wary of any umbrella company that promises a "better return" than their competitors.
If one looks better than the other then it's most likely because they have a way of obfuscating their figures to confuse the hell out contractors. However, if you earn more than about 30k/year then you probably want to go LTD rather than switching..
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Originally posted by nick w View PostWith time being an issue I quickly moved on Giant but I have since seen better companies (Parasol) who give a better return..
FWIW, Contractor Umbrella has a good reputation for being upfront and the MD is a regular poster here (LisaContractorUmbrella).
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If you change umbrellas after just one assignment you cannot claim expenses for that assignment I believe. You were employed for that assignment only so it becomes your permanent workplace.
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First Contract and First umbrella company
So I have got my first contract role and was recommended Giant as being my umbrella company.
With time being an issue I quickly moved on Giant but I have since seen better companies (Parasol) who give a better return..
Its a 3 month contract which will role into a 6 month after
Is it common to move umbrella companies and is it easy?
Can I move after my 3 month contract ends or after one month?
Thanks
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