If your only income in any particular tax year is paid through an umbrella company then all tax has been deducted at source and you would not need to complete a self-assessment.
Pay Articles
4Dm1n | 19 August 2014
The tax system is based around the annual tax free pay allowance split over 52 weeks of the tax year. Your tax code indicates how much your annual allowance is. We allow this weekly amount of tax
4Dm1n | 19 August 2014
Yes. Holiday pay is included in your pay rate by your agency. It is calculated at 12.07% of your hourly rate. For each payment, we calculate the holiday pay element and pay it to you every week as
4Dm1n | 19 August 2014
As a contractor, your pay will be in three elements. Your assignment rate contains PAYE rate, plus holiday pay and employer costs.
4Dm1n | 19 August 2014
We send all payments by electronic bank transfer to your account.
4Dm1n | 19 August 2014
We will send you a P60 soon after the end of the tax year. This is a summary of your taxable earnings and tax paid during the tax year. You should keep this safe as you may need the information i
4Dm1n | 19 August 2014
Contractor employees do not pay the employment costs. These costs are invoiced to the agency on top of your pay rate and are paid from the monies received. Your assignment rate is therefore uplifte
4Dm1n | 19 August 2014
Your take home pay is based on a number of different factors. They are your pay rate, the hours you have worked, your tax code and the value of any allowable expenses you process. If all of these
4Dm1n | 19 August 2014
We run multiple payrolls every day of the week. If your payroll is run on a Monday or Tuesday, you will receive the funds into your account the same day. If your payroll is run on Wednesday or Th
