Since all employers calculate pay in the same way, any Umbrella Company claiming to offer substantially higher take-home pay is likely to be non-compliant and putting you at risk of a tax bill in the future. The figures above are an illustration only, using a series of assumptions based ...
Your Corporation Tax bill is reduced by allowable expenses, such as travel, subsistence, even your salary (but not dividends). The rules and guidance on expenses is quite extensive, however, your Accountant will be able to advise on expenses which you can claim, along with any potential ways ...
The power allows HMRC to grant exemptions from income and corporation tax through statutory instruments, which is probably fair considering the previous application of the legislation resulted in some sportspersons paying more in UK income tax than they earn here. Is this what most players do? Not...