We talk about common models in the market, ranging from the standard agency payroll through to various umbrella company models. Rate types are discussed, explaining the difference between uplifted rates, PAYE rates and gross rates.
It’s important to get a transparent illustration to understand what the rate means and which taxes are deducted. The Key Information Document (KID) is explained - which is a legal requirement from April 2020, to be provided by the agency to the contractor.