Although you will see the benefit in the short term, HMRC are aggressively pursuing users of tax avoidance schemes to reclaim unpaid tax and NICs. The only factor that should affect your take-home pay is the Umbrella Company’s margin. This margin covers all the Umbrella Company’s operations...
You may also need to make ‘Payments on Account’ towards the following tax year, if your tax bill is over £1000 and you haven’t paid more than 80% of all the tax you owed directly, i.e. through your tax code on your PAYE salary. For the tax year ending 5th April 2021, ther...