Tuesday, February 21, 2012

Contractor Tax


Contractor Tax is a most important thing when you are engagig with popula business. If you decide to contract Contractor Tax via your own limited company the amount of tax you will pay as a contractor will arise in two different forms, that which you pay through your company and that which you pay personally. This will in turn be determined by the IR35 status of your contract, such that if you are caught by IR35, you will inevitably suffer higher tax. The financial impact of being caught by IR35 on contractor's tax is severe and you should try to remain outside IR35 if you can.
Taxes Paid Through Your Limited company
Corporation Tax
VAT (Value Added Tax)
Personal Taxes 
Income Tax 
Capital Gains Tax

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