This is all very true slow one, but how did you get the 8% corporation tax? Im paying 20% as of last april when mr brown abolished composite companies and tried to make us all go p.a.y.e.
Its still a lot less than the 40% than i would pay as p.a.y.e but i would like to know where it says 8%, so i can get 12% back
Also if you want to save cash and you are self employed/ltd company, you can do a flat rate vat scheme. I currently charge 17.5% for my services but have an agreement with HMRC that i only pay 11.5%. So its an extra 6% or so in your pocket not theres.
Another loop hole is your reccommended to claim 40 p/mile for the first 10k of any assignment and then 25p thereafter,(tax free) but!!! still claim 40p per mile and get the 25 tax free and get taxed on the 15 p per mile, your still better off!!