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info@commonwealthcontractors.comLimited Company Contractors have to pay Corporation Tax on all company profits at the Small Business Rate of 20%. Once Corporation Tax has been paid (or provided for) a dividend can be distributed which, when considered versus PAYE, saves significant amounts in Employers National Insurance.
Category Archives: Contractor Limited Companies
Limited Company Contractors maximise contract retention not only through taking Dividends & reclaiming Business Expenses but also through using the Value Added Tax (VAT) system.
If you’re an experienced, high level IT Contractor working further to a contract outside the Scope of IR35 you may find a Contractor Limited Company a suitable way to increase your net take home pay!
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