Calling All I.t Contractors/people Who Might Know

[The Rig]

99% gonna start a contract jOB FOR mod, THING IS, ITS 50 MILES AWAY SO GONNA COST ME ABOUT £50 a week in fuel, £200 a month,now,its been a while since i did contracting, so how much of this can i claim back under the umbrella company ?
The job is paying £15 p/hr, i mean, i have done a quick workout and i am gonna lose alot of ££ as u have to pay alot more fees etc for umbrella company, i reckon i`ll take home £1300, this seems crap from a gross of £2100 a month

i mean, to lose £200 in fuel is quite alot

any info appreciated

cheers.......

[Cupatea]

£200 on fuel and your moaning????

I spend £170 a month odd, its not that bad.

[mudcow007]

buy a citroen c1 diesel which will do 60-80mpg jobs sorted

[KillBill]

I spend about £50 a week - every 10 days in the Mondeo just going to and from work 10 miles away (very bad traffic and 3 year roadworks)... it's about the standard rate for most people.

Like mudcow said, if it's a problem buy a diesel.... though this doesn't leave you much time if your job is starting soon...

[Add_Gee]

Depends on contract... a friend of mine gets 40p a mile for going to and from work as he is doing a contract job.

[The Rig]

I spend about £50 a week - every 10 days in the Mondeo just going to and from work 10 miles away (very bad traffic and 3 year roadworks)... it's about the standard rate for most people.

Like mudcow said, if it's a problem buy a diesel.... though this doesn't leave you much time if your job is starting soon...

christ, you got a heavy foot, even for 10 days thats about, what 200 miles plus even add a few more on, 280 miles and its costs u £50 i thought scoobs were bad, on £50 in a mondeo u should at least get 350 miles

[KillBill]

christ, you got a heavy foot, even for 10 days thats about, what 200 miles plus even add a few more on, 280 miles and its costs u £50 i thought scoobs were bad, on £50 in a mondeo u should at least get 350 miles

It does, if it's not stuck in bad traffic all the time. I got 342 miles out of it last week, just by leaving for work earlier, and staying later, so the traffic had cleared some.
When I do general running about in it at weekends, I can drive for miles and the gauge hardly moves, due to the roads being clear.
I've also adapted an ultra smooth driving style now... I try and anticipate the traffic about half a mile ahead, and plan never to accelerate again

[tim2001]

An umbrella company from the likes of crestforce will cost you £20 a week. In usingthem you can claim for £5-£10 a day subsistence and a mileage allowance from your petrol for this distance you travel if the contract is less than 24 months. At £15 an hour it will be borderline but you should be better of like this.

[MartG]

On a self employed contract job you can claim mileage to/from work for the first two years, after that you can't as the IR see anything longer than 2 years as being 'a permanent place of work'.

Mileage rates depend on how many miles you do a year - theres some info here www.warr.co.uk

[The Rig]

well,just got this back from an umbrella company

Rate: £15 per hour
Working hours per day (including travel): 9.5
Hours per week: 37.5
Days worked per week: 5
Weeks per year: 52
Weekly expenses: £0
Other annual expenses: £0
Vehicle type: Car
Mileage per week: 500
Monthly pension contribution: 0
Age: 30


Summary
You could take home up to £1,916 each month using our service.

This is 79% of your gross income.

For each £100 you contribute to a pension, your net pay reduces £59, the tax man pays the rest!

You can contribute up to £300 per month into a pension.



Calculation Details
Monthly (£)

Revenue
Contract revenue: 2,437

Tax Free Income
Mileage claimed: 666
Subsistence claimed: 108
Schedule E expenses claimed: 0
Pension: 0
Total: 775

Our Fees
Admin fees: 54.95

Tax deductions
Employers NI: 136
Employees NI: 117
PAYE: 212
Total: 466

Net Income
Net income per month: 1,916


hmm, not bad :-)
dont know how they can include travelling as time worked, but who am i to argue :-)

[GazTaylor]

what agency/contract company you using if ya dont mind me askin

[pog]

What you doing to warrant a low rate?

I was getting £80/hr when I was contracting a few years back although I did have a skill that was in short supply so I pretty much fixed my own rate.

[tim2001]

If your actually working less than 9.5 hours then you should be being paid on that not on the travel time as basically you get paid minimun wage on the hours you work as a salary and paid the rest via a dividend. the less hours you work the less tax you pay basically.

the subsistence is £5 or £10 /day depending on hours worked. Alternativley if your using a canteen at work and are spending more than this a day on food you keep the receipts and use them instead.

if your working it and have bought a pc recently you should be able to claim that into the expenses as well.