Umbrella & Limited Company Resources

Welcome to Umbrella Supermarket's comprehensive resources for UK based contractors. We hope you find it useful. If you have any questions please talk to the team at Umbrella Supermarket today.

Whether you’re new to contracting or a seasoned pro there are a lot of choices out there for contractors. Umbrella Supermarket are on hand to help you every step of the way.

Explore our resources section where we have everything covered regarding your next Umbrella Company or going Limited Company. If you can’t find what you are looking for contact the Umbrella Supermarket team who will be more than happy to assist you.

Happy contracting!

Explore Our Resources

contractor goals

How to set and achieve your contractor goals in 2020

As we head through a new year and new decade, what better time for contractors to set goals and aim to make 2020 their most successful year of contracting yet?

This handy guide will equip contractors with everything they need to know about setting and achieving a realistic set of contractor goals in 2020.

IR35

Am I Inside or Outside IR35?

When discussing contracting work, it’s inevitable that IR35 will come up in any conversation. It’s highly recommended that every contractor gets to grips with the fundamentals of IR35 when they start working. This is so that you can be clear on whether you can be classed as inside or outside IR35.

IR35 Delay

IR35 Delay Confirmed Amid Coronavirus Outbreak

Contractors across the UK breathed a collective sigh of relief in March as the Government finally announced an IR35 delay. Despite seeming to go ahead with plans to extend the off-payroll rules to the public sector in the March Budget, the tricky lockdown situation has prompted something of a U-turn just a week later.

IR35 Changes

Will There Be an IR35 Delay in 2020?

By now, IR35 is something all contractors are aware of. However, there are still plenty of self-employed people that are confused by the legislation. In short, it determines how you should be taxed based on how exactly you work and whether you’re truly self-employed.

contractor paying tax

How Much Tax Do You Pay Under an Umbrella Company?

For many years, self-employed individuals could access favourable rates of tax by setting up a limited company and filing all their invoices, expenses and tax returns through it. However, the introduction of IR35 legislation into the public sector in April 2017 – and its expansion into the private sector in April 2020 – means that it will soon be significantly more difficult to achieve those same benefits. In fact, for many people, they may be liable to paying thousands of pounds more in tax from next year.

Ready to take the next step in setting up your structure?