Umbrella

An umbrella structure is best suited if you:

- are contracting for the first time and are unsure whether or not to set up your own limited company
- have a contract which is worth less than around £30,000 per annum
- are in the UK on a working visa
- prefer not to set up your own limited company, even if your contract is worth more than £30,000 per annum

What you can expect from our umbrella structure:

- peace of mind – no VAT or any other legal worries
- no hidden extras
- expenses – approved by the Inland Revenue
- sickness, maternity and holiday pay
- Self Assessment Tax Return completed at no extra cost
- Personal account manager

Please be wary of umbrella companies claiming they have a dispensation allowing you to claim a large number of tax free expenses. If you would like to know more, please read our article on dispensations.

If you are considering using a composite company or already contract through one of these, please read our article on composite companies to see why you should reconsider!

NEWS UPDATE:

In the Pre Budget Report 6th December 2006 an announcement was made that the treasury will be taking action against Composite companies (Managed Service Companies), please read the attached link.

If you are interested in finding out more about the umbrella service, please click here to go to our dedicated umbrella website

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