Award winning service! Sign Up HomeContractor Tax Contractor Tax In this section you will find a number of simple guides to tax legislation that is likely to affect you and give you a basic understanding of what you need to be aware of. If you would like to appoint Contractor Umbrella as your employer, please visit our sign up page or if you have any questions about contracting please call us on 01206 591 000 or email jaime.thorpe@contractorumbrella.com. The pages SORT BY Most Read Name New Old The Budget October 2021 The Chancellor, Rishi Sunak was in the House of Commons to announce the latest budget on Wednesday 27th October 2021. Much had been announced prior to the actual budget day, and you can take a look at our handy summary below to see what his latest budget means for you. READ MORE The Budget March 2021 Chancellor Rishi Sunak delivered his much anticipated budget on Wednesday 3rd March 2021 with contractors and the self employed waiting for news on the IR35 changes. You can read a summary of the budget here and what it means for you. READ MORE The Budget 2020 On Wednesday 11th March 2020 Rishi Sunak delivered his first post Brexit Budget less than a month into the job. So what exactly did the Chancellor say and, more importantly, what did it actually mean? READ MORE IR35 and the private sector Discover the latest information on the 2020 changes to IR35 in the private sector. READ MORE Tier 2 Visa’s & Umbrella Company Contractors Contractors who want to apply for a visa to work in the UK on a contract should first visit the UK Border Agency website and use the Points Based Calculator to work out how many points they score. READ MORE What is a loan scheme, and why you shouldn’t use one First thing’s first – what is a contractor loan scheme? Contractor loan schemes (or, as the Government calls them, disguised remuneration arrangements) take many forms – but the underlying structure is that a freelance or contract worker signs a contract of employment with an employer or EBT (employment benefit trust), usually located outside mainland UK Read More... READ MORE Claiming expenses as an Umbrella company employee Restrictions on Umbrella employee expenses Prior to April 2016, it was possible for Umbrella employees to utilise a wide variety of expenses to reduce their tax bill. By far the most popular expenses were travel and daily meals (these were known as subsistence expenses). Other common expenses, included: Mobile phone Accommodation Clothing Training Subscriptions Equipment Read More... READ MORE Tax-free childcare scheme How does the Tax-free Childcare Scheme work? To take advantage of the scheme, you’ll need to sign up. This gives you access to an online childcare account, which you can use to pay for childcare costs. For every £8 you put into the account, the government will top it up with £2 – so for Read More... READ MORE 1 2 next last Most Popular Guides How is my pay calculated? What is Employers National Insurance? What is IR35? How does an Umbrella company work? Umbrella vs. Limited Ask us a question Resource Categories Starting up Umbrella Company Advice Contractor Tax Industries Calculate Your Take Home Pay Comprehensive Contractors Guides Sign up to Contractor Umbrella The complete umbrella package... With the flexibility to work either limited or umbrella. SIGN UP TODAY Want to learn more about contracting? We understand you might have lots of questions, so why not give one of our friendly experts a call on 01206 591 000. Alternatively, sign up using this form and we will send you an email, guiding you through the steps you will need to take. SUBSCRIBE ME COOKIES GDPR POLICY GENDER PAY GAP COMPLAINTS CONTACT US ANTI-MODERN SLAVERY The website and its content is copyright of Contractor Umbrella 2018. All Rights Reserved. Contractor Umbrella Ltd is a company registered in England and Wales with Company Number 4324081. VAT Number 780351338. Our registered address is Unit 36 Silk Mill Industrial Estate, Brook Street, Tring, HP23 5EF.