I dont think you HAVE to register an umbrella company. In fact some wont work with umbrella companies. >From my understanding umbrella companies are less tax efficient than getting your own LTD.
It all depends on numbers though. Are you going to bill and add VAT? If you bill for more than 70K per year you have to get a VAT number. If thats the case you can chose different schemes, flat VAT rate or not. the way I do it is LTD, I ve got accountants and I use flat VAT rate which is easier. In short I have chose less paperwork and simplicity. I could probably have saved a bit by saving receipts and all that but Im not a "collector" type. Email me offline if you have questions. Eric On Mon, May 14, 2012 at 1:39 PM, Paul Tweney <[email protected]>wrote: > Time to turn to the collective wisdom of the List... > > After 25 years with the same employer I've taken redundancy and will be > working for a different company on a short term (four month) contract. Not > sure if I'll say contracting in the long term, but the agency have said > that I need to register with an Umbrella Company. > > Does anyone on the list have experience of these and can recommend a good > one, please? > > Replies off-list appreciated. > > Maverick. > ______________________________**_________________ > Leedslist mailing list > Info and options: http://mailman.greennet.org.** > uk/mailman/listinfo/leedslist<http://mailman.greennet.org.uk/mailman/listinfo/leedslist> > To unsubscribe, email > [email protected].**org<[email protected]> > > PETE CASS (1962 - 2011) Rest In Peace Mate > _______________________________________________ Leedslist mailing list Info and options: http://mailman.greennet.org.uk/mailman/listinfo/leedslist To unsubscribe, email [email protected] PETE CASS (1962 - 2011) Rest In Peace Mate
