Many umbrella companies offer contractors high subsistence allowances for overnight stays and meals with remainder of money being treated as a salary and subject to income tax.
Are there any IR rates available for overnight stays and meals which a contractor operating through his own Ltd company could use ?
I am seeking to compare the own company position with operating as a consultant through one of these umbrella companies.
Jacob
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Jacob, this has been a very popular subject of late and you will be able to glean a lot of info by a quick search of Any Answers