Payeworx
Requested illustration and then received a call from the owner
Umbrella company is part of a “holding company” which your personal limited company holds shares
Example:
19k paid via umbrella (min wage)
350 per week fee to “holding company”
Corp tax paid by holding company and dividend paid to limited.
Limited runs as normal
Basically the same method used by “hybrid Umbrella” companies in Ireland
I’m sure that will give HMRC something to chew over ???
Should be a good test case in court ?
Requested illustration and then received a call from the owner
Umbrella company is part of a “holding company” which your personal limited company holds shares
Example:
19k paid via umbrella (min wage)
350 per week fee to “holding company”
Corp tax paid by holding company and dividend paid to limited.
Limited runs as normal
Basically the same method used by “hybrid Umbrella” companies in Ireland
I’m sure that will give HMRC something to chew over ???
Should be a good test case in court ?
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