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With day rates you then have to start looking at VAT requirements though for inside and outside IR35 and given I haven't lived in the UK for 20 years, I'm not f
by balabaster 7y ago
With day rates you then have to start looking at VAT requirements though for inside and outside IR35 and given I haven't lived in the UK for 20 years, I'm not familiar with all the nuances this adds. I'd definitely need someone to coach me through that before I could speak with any authority on the subject.
- Nursie 7y agoYeah you need to get an accountant (£100+ per month), insurance (£300-£500 per year) and be aware of the IR35 rules, which are all due to change in the next few months anyway, and who knows what happens with the whole Brexit thing. It's definitely a more complicated way of working than being salaried, but it's rewarding, both monetarily and in the ability to set your own vacation allowances, take big gaps between contracts if you want to/can afford to etc etc.