Previously, Umbrella company contractors were trading via a limited company within their supply chain to claim expenses such as travel and subsistence expenses for tax relief. However, this has been stopped now due to the changes made by the government. This is due to...
Your tax code is used by your employer or pension provider to work out how much Income Tax to take from your pay or pension. HM Revenue and Customs (HMRC) will tell them which code to use to collect the right tax. Your tax code will normally start with a number and...
What is the gig economy? The gig economy describes the trend of companies hiring independent contractors and freelancers instead of full-time employees. Workers are paid for each individual “gig” they do – such as food delivery or a car journey...
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