CIS or Umbrella Company?
Comparison with Danbro's Umbrella Service
Contracting offers many benefits, not least in higher salaries than permanent employees, flexibility, and a better work/life balance. But a downside can be the management of paperwork, required for tax, and accounting purposes. It can be a real headache. This is where we can help.
As a firm of Chartered Management accountants, specialising in payroll and accounting solutions for construction contractors, be reassured that you will receive a clear concise and complaint service. Whether you are classified as an employee or self-employed, we have a solution for you.
The table below outlines the main differences between the two solutions we provide to construction contractors.
| Danbro CIS Construct | Danbro Umbrella | |
|---|---|---|
| Fee/margin per week | £15.00 | £15.18* |
| Employment Status | Self-employed | Employed |
| CIS registration required |  required |
 not required |
| National Insurance | not deducted but you still must arrange payment. |
deducated |
| Tax deductions | CIS deduction |
deducted |
| Self assessment required | Required |
Not required |
| Claiming expenses | Allowable expenses can be claimed through self assessment |
Allowable expenses can be claimed in line with our expense policy |
| Statutory benefits; SSP, SMP, SPP | Can claim from HMRC but not Danbro |
Entitled |