Post
by harv » Tue Jul 24, 2012 9:27 am
When you say through agency, you have the following two options:
1) Use the agency as Umbrella company (Employed) - almost the same thing you are doing now, all your taxes and NI contributions are paid by the agency and you get the NET income.
2) Through your own Limited company (Self Employed) - you then invoice your employer and take care of all other things i.e. PAYE, NI, expense, Corporation tax etc.
The first option (same as your current situation) is easy to manage in terms of, you provide the payslips and other evidence and all is good.
The second option, you need to provide company accounts from your accountant and other bits of information on finances in the company as well as your declared pay to HMRC (Salary + Dividends).
Hope this helps.
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