Hi fellow contractors,
I have been contracting for a short space of time 6 months. I assumed after a conversation with the recuriter that it would be possible to switch from an umbrella to a limited company.
As I told the recurtier I wanted to change they said unless the contract is reissued and my role changes this would not be possible !
They said this is based on HMRC compliance issues that this was not possible. They said if I had a limited company I could switch to unmbrella but not the other way round.
The umbrella is taking a lot of my money , and if I can't switch can anyone recommend a umbrella that actually lets you keep most of your money.
Any help would be ver much appreciated the recruiter is reed and the umbrella parasol.
I have been contracting for a short space of time 6 months. I assumed after a conversation with the recuriter that it would be possible to switch from an umbrella to a limited company.
As I told the recurtier I wanted to change they said unless the contract is reissued and my role changes this would not be possible !
They said this is based on HMRC compliance issues that this was not possible. They said if I had a limited company I could switch to unmbrella but not the other way round.
The umbrella is taking a lot of my money , and if I can't switch can anyone recommend a umbrella that actually lets you keep most of your money.
Any help would be ver much appreciated the recruiter is reed and the umbrella parasol.
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