Official estimates put the annual take-home dent at £800, industry estimates at £1,000. Either way, the chancellor giveth to HMT but taketh from the umbrella market — and in more ways than one.
About Carolyn Walsh
Carolyn Walsh’s career started at HM Revenue and Customs, where she specialised in National Insurance benefits, and worked as an inspector.
She then worked at director-level for 20 years at a contractor accountancy firm and contractor umbrella company.
Now active as a consultant, Carolyn uses her understanding of tax and employment status legislation to intervene in HMRC investigations on behalf of clients, in addition to providing accountancy and payroll services.
Carolyn has written and published articles on various matters of interest to contractors for the last decade, as part of her steadfast commitment to clarifying tax rules and challenging misinformation.