This tax year I've had a couple of gigs through my limited. I paid a minimal salary and a dividend up to the 7.5% rate.
Discussing an inside IR35 umbrella role (client and agency both quite distinct from anything done before). I'm aware this will cause extra tax to be due also on the dividend depending how long the engagement goes on for.
I may well pull the trigger on MVLing my limited in the course of the tax year, depending how things go.
Is there anything else to be mindful of? Umbrella is asking me for a P45, which I obviously don't have, and it makes me wonder if there are any known/unknown known/unknowns I'm not factoring in.
Discussing an inside IR35 umbrella role (client and agency both quite distinct from anything done before). I'm aware this will cause extra tax to be due also on the dividend depending how long the engagement goes on for.
I may well pull the trigger on MVLing my limited in the course of the tax year, depending how things go.
Is there anything else to be mindful of? Umbrella is asking me for a P45, which I obviously don't have, and it makes me wonder if there are any known/unknown known/unknowns I'm not factoring in.
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