Choosing how to operate is a big decision
We can help you decide, and help you set up
As a contractor, you have to have a formal set up so that you’re accountable to Her Majesty’s Revenue and Customs (HMRC) and pay the right amount of tax, National Insurance and VAT. There are six different legitimate options (as well as options for expats and foreign workers) to consider and each has its benefits, depending on things like how much you earn, the nature of your contract, how much paperwork you’re prepared to do and so on. You need to figure out which will work best for you, so you’ve got the right balance of tax efficiency, administrative responsibility, costs and earnings. It sounds daunting, but we’ll make it as straightforward as possible.
Your options are:
