Forum
tax efficient umbrella companies v standard umbrella companies
music_bliss
Contact in PM
music_bliss
Messages count : 4
Likes count : 0
Registration :
22 January 2015
Hi, just need some advice as to what I hear are called 'tax efficient' umbrella companies (also known as alternative umbrella companies) as opposed to standard umbrella companies. As a locum worker I am currently using a standard umbrella company but having secured a new assignment my agency has given me a name of a 'tax-efficient' umbrella company.
I have spoke to the umbrella company directly and they state they are based in the UK therefore not off-shore. They are able to provide me with a net weekly pay significantly higher than a standard umbrella company. They say they do this via applying slightly differing rules than a standard umbrella company which they say are totally compliant with HMRC guidelines/UK laws. Seems almost too good to be true though I am tempted to go with them given the increase in my net pay compared to a standard umbrella. Anyone know whether these tax efficient/alternative companies are legitimate - I don't want to register with them only to find out the HMRC regards going with them as tax avoidance and asking for me to pay back monies I saved via going through them.
Thanks in advance
I have spoke to the umbrella company directly and they state they are based in the UK therefore not off-shore. They are able to provide me with a net weekly pay significantly higher than a standard umbrella company. They say they do this via applying slightly differing rules than a standard umbrella company which they say are totally compliant with HMRC guidelines/UK laws. Seems almost too good to be true though I am tempted to go with them given the increase in my net pay compared to a standard umbrella. Anyone know whether these tax efficient/alternative companies are legitimate - I don't want to register with them only to find out the HMRC regards going with them as tax avoidance and asking for me to pay back monies I saved via going through them.
Thanks in advance
-
Lupita
Messages count : 207Likes count : 6Registration : 2 November 2006Hi music_bliss,
FreelanceUK arranged for an expert to answer your question!
https://www.free-work.com/en-gb/tech-it/blog/freelancer-news -
music_bliss
Messages count : 4Likes count : 0Registration : 22 January 2015
thanks for the link Lupita, very helpful.Lupita, post: 24525, member: 9 a écrit : Hi music_bliss,
FreelanceUK arranged for an expert to answer your question!
https://www.free-work.com/en-gb/tech-it/blog/freelancer-news