Your Tax code
Every person in the UK gets a set amount of money per financial year for which they pay no tax and NI on. This is known as the tax free allowance. Above this amount, people will pay the relevant tax and national insurance.
For example, in the tax year/financial year 2023/2024, every UK resident had £12,570 as their tax free allowance. This is translated into a tax code, in this case 1257L (£10,500 would be 1050L and so on). This would become a standard tax code for that financial year. It alloPopularWhat is an Umbrella company
An Umbrella company employs contractors and freelance workers who complete a number of different
assignments at various locations. Despite engaging with numerous recruitment agencies and/or
end clients, a continuous employment is maintained as are statutory employment rights.
HOW DOES IT WORK?
When out on assignment with Clipper Contracting Group, the temporary worker will typically be
offered a higher rate of pay (sometimes called the contract sum or umbrella rate) than if they were employFew readersClipper Sole Trader
Clipper Sole Trader is for skilled workers that are genuinely self-employed, operate outside of the Construction Industry Scheme and do not work under (or there exists the right of) supervision, direction and control in the manner in which they carry out their work. We work closely with the recruitment agency to ensure only genuinely self-employed workers not under SDC (Supervision, Direction and Control) are engaged this way.
Clipper Sole Trader is for workers that are genuinely self-employedFew readersClipper Drive
Clipper Drive offers dedicated umbrella solutions for the HGV, logistics and driving sector. We will engage workers as our employees is the normal compliant way but with the added backing of a comprehensive package of Driver's Negligence Insurance. With a one-click electronic registration process, a dedicated account manager and worker support team, we also give peace of mind by providing up to £10,000 per claim, subject to qualification terms and signed agreement with the recruitment agency.Few readers