Comments on: Umbrella contractors will be motivated to go back to PSC models. But how and when they do it will make all the difference to HMRC https://www.freelanceinformer.com/news/ir35/umbrella-contractors-will-be-motivated-to-go-back-to-psc-models-but-how-and-when-they-do-it-will-make-all-the-difference-to-hmrc/?utm_source=rss&utm_medium=rss&utm_campaign=umbrella-contractors-will-be-motivated-to-go-back-to-psc-models-but-how-and-when-they-do-it-will-make-all-the-difference-to-hmrc Empowering the Freelance Economy Fri, 14 Oct 2022 12:34:29 +0000 hourly 1 https://wordpress.org/?v=6.7.1 By: Martin https://www.freelanceinformer.com/news/ir35/umbrella-contractors-will-be-motivated-to-go-back-to-psc-models-but-how-and-when-they-do-it-will-make-all-the-difference-to-hmrc/#comment-1873 Fri, 14 Oct 2022 12:34:29 +0000 https://www.freelanceinformer.com/?p=6927#comment-1873 This all assumes that contractors will return to using their Limited Company just to avoid tax but the original IR35 rules allow for 5% business costs before tax, so even if inside IR35, running through a Limited Company is financially beneficial as it allows the 5% and also removes the Umbrella companies fees which are generally more than £100 per month if invoiced weekly.

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