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Tax changes set to reduce contractor pay by £7,500 in 2020.

Tax changes forced on self-employed people working in the public sector from 2017 are now set to reduce the take-home pay of 170,000 contractors working for private sector clients.

Self-employed advice site ContractorCalculator estimates the tax increase to be as much as £7,500 for a contractor making £100,000 a year.

Read more about this here: https://www.simplybusiness.co.uk/knowledge/articles/2019/07/tax-changes-signal-self-employed-pay-cut-for-2020/?ref_id=enews_signup&utm_source=email&utm_medium=newsletter&utm_campaign=aug2019profrfqns

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