Looking for an Umbrella Company?
The claims and promises made by Umbrella Companies vary enormously; most of them will sound too good to be true... and they usually are! In this document we will look at some of the plys used to entice new contractors:
- Higher net pay claims through un-receipted expenses
- Promises of protection from HMRC investigation
- ‘HMRC approved’
- Advertising their fees at higher rate tax figures
- Cheap starter fees, leading to normal, higher fees later on
- ‘IR35 compliant’... it's irrelevant
- Act as ‘Employer’
- Agency Recommended
Extract from The Guide to Choosing an Umbrella Company.
Higher net pay through un-receipted expenses
There are currently Umbrella Companies advertising up to 85% retention of your income, which might sound enticing, until you hear the reality. Certain Umbrella Companies encourage you to claim, whilst others automatically add, an un-receipted meal allowance of up to £36 per day. This is very misleading and can leave you with a very large tax bill and fine.
We can guarantee you that any Umbrella Company making such a claim, will have it somewhere on their website or within their T&C’s that, although they won’t need receipts to process your expenses, you will need them in-case HMRC contact you.
To read more then please download your FREE GUIDE, by entering your email address below and then clicking on the request button. You will then be redirected to a page where you can download your copy of the guide.