UK Tax for Contractors

The aim of all contractors is basically the same: to maintain their independence, retain more of their income and keep on the taxman’s good side. The only thing they want to cut out is time consuming administration! Our partners have just the solution for you. Operating under a liberal tax system there is plenty of scope to maximise your take home returns - you can expect to NET 80-85% of gross billing after all taxes, social contributions and fees.

The United Kingdom has a well established financial management industry driven by the perennially strong contracting market. Although the government has sought to increasingly target individual contractors, the entrenched large scale schemes are setup under the guidance of top legal and accounting professionals and retain that same support throughout. With this security they can actually apply directly to the Inland Revenue for prior approval of their practices.

This proactive strategy offers the individual contractor a level of protection thats difficult to match, as not only is your scheme approved before you join - should the revenue ever have any further questions: you have the resources of a huge enterprise including QC's (Queens Counsel) at your disposal. Wouldn't you like to work through a financial system that provided the 'sleep at night factor'? ENQUIRE NOW!

These structures are highly recommended to anyone that:

a) Expects to earn over £40K per annum.

b) Wants to ensure a retention of between 80-85% of gross earnings.

c) Doesn't want to deal with matters concerning invoicing, payment, IR35, national insurance contributions or income tax.

d) Deal with any queries from Inland Revenue.

e) Wants an expert to review agency and/or end client contracts.

f) Wishes to receive advice on: dual taxation with your country of origin and general wealth management.

Let us know if you would like to know more about the benefits of using a UK based financial management service. We understand that every client has different needs and our partners provide a variety of structures that you can choose from that best suit your situation.

Once we have some basic information we'll provide you with a variety of options and you can choose the structure that best fits your profile. Please note: all of the structures our partners offer are fully compliant with HMRC Regulations and all are subjected to constant rigorous overviews by international auditors and local QC's.

Client comment

"Great advice and excellent service on contracting and immigration solutions in the UK. I would highly recommend Tim and the team to assist you with accurate, clear and concise contracting advice in the UK or any other country for that matter."

Prishen Pillay,Global DBA Operations Lead

Shell International Trading & Shipping