PAYE CONTRACTOR RATES – HOW TO CALCULATE THE TRUE CONTRACTOR COST

Black calculator with the words "True Cost" on the display screen

When paying a candidate via an Umbrella (or Limited Company), the pay rate that is agreed and paid over includes all the costs of the candidate. However, if a candidate is paid via the agency PAYE scheme, then the agency has several costs based on the candidate’s pay rate that need to be considered to…

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