Advise on forthcoming contract

[Buckaroo]

Hello all

I was wondering if I could pick your brains!

I might be taking an IT sales contract in London for 4 months. This is my FIRST contract so am a little green when it comes to the most cost effective way of dealing with it.

I am emigrating to Australia in November so this is to tide me over until then but, to get to the point, what is the best way of dealing with the tax implications seeing as it is such a short period? Should I use one of these umbrella companies, set myself up as a limited company or do IR35?....or should I just declare it by self assesment for the end of the year??

Any help is appreciated.

Thanks in advance

Ollie

[MrRobin]

Just use an umbrella company. You'll be slightly worse off than using a limited company (you can't just work as a sole trader and declare on personal tax return) but it will be a whole lot less hassle and won't have to worry about 101 extra things to sort out before you go.

[HairyArsedBloke]

Form a 'proper' company, register for VAT etc. Don't pay a penny to the revenue boys when it's due. They'll send a few letters but just ignore them.

Spend like mad on whatever you want, Just not on things they can trace to Oz.

In November, empty the bank account of what little is left in cash and leg it.

Sod hector

[Gonzo]

Form a 'proper' company, register for VAT etc. Don't pay a penny to the revenue boys when it's due. They'll send a few letters but just ignore them.

Spend like mad on whatever you want, Just not on things they can trace to Oz.

In November, empty the bank account of what little is left in cash and leg it.

Sod hector

It might seem far fetched, but the OP may one day want to come back.

Have to agree with going Umbrella for such a short period of time.

[Clippy]

Umbrella all the way.