Basically, by using an Umbrella Company you (the contactor) become an employee of that Umbrella Company. This means you will submit your timesheets to the umbrella company who will then invoice the end client that you did the work for. Then the umbrella company pays you as a PAYE employee less whatever umbrella fee you have agreed on.Well, what are the benefits of using an umbrella company? Well they are pretty simple to use. As a contractor who is using an umbrella company all that you do is
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