12 ms·
As someone who contracts in the UK, I'd say it really depends on how much you're making and for what duration. If you're going to make £10,000 on a three month
by kypro 8y ago
As someone who contracts in the UK, I'd say it really depends on how much you're making and for what duration. If you're going to make £10,000 on a three month contract you're probably better off just registering for self assessment. I did this for a while when I was making around £28,000/annum because it was the most tax effective and easiest solution in my case. Also accountants are expensive.
If you're making £60,000+ you're probably going to want to set up an LTD company, but at that point you're really best off talking to an accountant and discussing your options.
- gregjwild 8y agoI'm on about £28k per annum as a remote contractor -- I'd second this advice.
- stealthmodeclan 8y agoIf you are a contractor, LTD saves you from unlimited liabilities.