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info@commonwealthcontractors.comTax, and quasi-tax such as National Insurance, typically costs European those working in the UK and Europe from 1/3rd to 2/3rds of their earnings. Tax planning can be particularly relevant for expats for whom there is often far more choice than exists for those living and working in their home countries. Our guides are not […]
Tag Archives: Tax for Freelancers
Limited 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.