The Old Model That Still Looks Good – Umbrella no Expenses
This model is what many existing agency workers will now fit into if they are currently paid an uplifted ‘umbrella rate’ by their agency and working in roles deemed likely to be under Supervision, Direction & Control (or the right of).
If they are caught by SDC and don’t qualify as mobile workers, then no expenses can be reimbursed and all payments will be subject to full PAYE at source. The minimum take-on rate will still apply to ensure compliance for National Minimum/Living Wage and Holiday Pay purposes.
If you meet the criteria to be classed as self-employed you will be able to maximise your contracting income by working through one of our self-employed models. By being self-employed, you can benefit from:
Working through your own company can give you additional freedom, maximise your income and be a tax efficient way for you to work Impact is able to help with the administration that this involves;