With this solution, the contractor is effectively an employee of an umbrella company, set up by Contracting PLUS to handle all contracting tax, invoicing and payments. The Umbrella Company structure is used if you have a short term contract, a lower rate or if you are a new professional contractor.

The advantage of the Umbrella Company solution it that it allows you to operate via a limited company while keeping a PAYE status. The contractor pays Class A PRSI (equivalent to full-time employees) and retains a PAYE tax credit.

Under this solution you receive the following benefits:

  • Immediate structure, no set up or close down costs - ‘A pay as you use service’.
  • Employer’s Liability and Public Liability Insurance provided.
  • Competitive monthly fee that represents real value for money.
  • All company returns prepared and submitted on your behalf.
  • Guidance and assistance with claiming tax deductible expenses.
  • Personal account manager.
  • 24/7 secure access to your account via our on-line portal.
  • Free expense App for smart phone users.