Hi,
First time I am going to be using an umbrella company. I am self employed as a sole trader. In order for the agency to make a payment to the umbrella company I have to raise an invoice for my work. As the umbrella company already pays the tax and other stuff from the gross payment do I still include the amount for my own tax return at the end of January? It seems like if they are already deducting tax for it it's already declared to the HMRC as income.
Thanks
First time I am going to be using an umbrella company. I am self employed as a sole trader. In order for the agency to make a payment to the umbrella company I have to raise an invoice for my work. As the umbrella company already pays the tax and other stuff from the gross payment do I still include the amount for my own tax return at the end of January? It seems like if they are already deducting tax for it it's already declared to the HMRC as income.
Thanks
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