Here at The Tax Experts, we are in a position to be able to give contractor tax advice regarding contractor tax avoidance which leads to contractors receiving around 85% of their income in the hand. This example is based on a contractor earning £100k per year.
How contractor tax avoidance works
Since December 2010 the Inland Revenue has legislated against the employee benefit trust. This mechanism was used extensively by contractors and contractor tax avoidance schemes as a way to ensure contractor tax avoidance.
However the good news is that when that contractor tax avoidance door closed another door opened and we now have new and effective ways to ensure contractor tax avoidance. These nuggets of contractor tax advice achieve the same results as the employee benefit trust within the confines of the law.
To qualify for this method of contractor tax avoidance, and to use our contractor tax advice properly contractors need to be earning over £50,000 per annum.
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Why it pays to get good contractor tax advice
In order to save money when getting contractor tax advice it pays to have some background knowledge on the subject of contractor tax avoidance. This is so that your money is not consumed by lengthy explanations about contractor tax avoidance and more importantly, you ask the right contractor tax avoidance questions. To assist you in this regard we highly recommend that you read the tax guide that best suits your contractor tax avoidance needs. You can review all or up to date tax guides by visiting our book shop.
Some guides that may relate to your contractor tax advice needs are as follows. For more information on the respective guide, just click on the picture.