HI,
I am a IT contractor and I am looking for help maximising my net take home pay. I currently pay around %20 tax through a particular scheme and I wondering if someone out there knows of ways of getting better returns. I am looking to purchase a property soon and seek some advice
Paul
IT contractor looking for tax help
2 posts • Page 1 of 1
by holidayweb on Wed Aug 31, 2005 9:52 am
I am also an IT contractor and now beleive that the best and safest way is to use an umbrella company. Be wary of calculations which include the maxium allowance for Daily spending in the take home earnings ie you can take all this without receipts etc.
The revenue could do a spot check and if the expenditure is not justified there could be difficulties. If you are paying 20% tax I would think you are doing OK.
The revenue could do a spot check and if the expenditure is not justified there could be difficulties. If you are paying 20% tax I would think you are doing OK.
- holidayweb
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2 posts • Page 1 of 1
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