Working through a brolly, do you start paying higher rate tax immediately on a pro rate basis (as I think you do in a perm job) or does it kick in when you have actually hit the threshold for the current tax year?
If it’s the former and you only work via a brolly for, say, 3 months in that year and you remain under the higher limit threshold then you’d be due a rebate I guess?
If it’s the latter then I guess all of a sudden you’re going to be seeing 50% of your earnings going to HMRC once you’ve crossed that line, which must be somewhat demotivational.
If any brolly people could enlighten me, I’d be very grateful.
If it’s the former and you only work via a brolly for, say, 3 months in that year and you remain under the higher limit threshold then you’d be due a rebate I guess?
If it’s the latter then I guess all of a sudden you’re going to be seeing 50% of your earnings going to HMRC once you’ve crossed that line, which must be somewhat demotivational.
If any brolly people could enlighten me, I’d be very grateful.
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