Accountants keep on recommending this method for some reason but honestly if you do the tax calculations yourself you realise that you are not much better off.

Accountants keep on recommending this method for some reason but honestly if you do the tax calculations yourself you realise that you are not much better off. It used to be the case that you were better off but the last 5 years the options for UK limited Company contractors have been reduced to a point where the running costs of the company combined with the taxes bring you to effectively the same amount of tax paid as a permanent employee.