Brookson composite company scheme profiled

Brooksons operates by "grouping contractors into composite limited companies"

Claims

"Independent contractors can pay less tax without facing the heavy administrative workload of limited company accounts."

"With a contract capable of passing the Inland Revenue's "self-employment" tests, nett take home pay can increase by 10% or more. Brookson is a resource for all independent contractors. We operate ethically and within the provisions of UK tax and employment law, grouping contractors into composite limited companies. This creates big opportunities for reducing the amount of tax payable, relative to PAYE status, and shares the administration cost of one company between all its member contractors"

Source

Contractor

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KevinM