Frequently Asked Questions



  • What is IR35?

    Known formally as The Intermediaries legislation (IR35 was the title of the press release), IR35 is a Government law introduced in April 2000 to stop contractors and freelances avoiding tax and National Insurance payments by disguised employment. We can advise on this to ensure there are no IR35 risks associated with your income. It is essential to remain completely within the laws and regulations at all time.

  • What do I get for my money?

    Once your limited company (PSC) has been set up by MarchMutual you will be the Director, sole shareholder and an employee of your company. We will set up and administer the whole thing for you including payroll, all accounts, tax returns and communication with Companies House. You will be given a portal into our online system to create your invoices and enter your expenses. We will produce monthly reports on the basis of the information you supply.

  • Is it easy to set up in business with March Mutual?

    Yes, it couldn't be easier. The first step is to call us so we can advise you on the best - and most tax-efficient - set-up for your circumstances. Then we'll ask you to register on our on-line system, and that's it - you're ready to start working for your own PSC.

  • Do I have an employment contract?

    On request we can create an employment contract between you and your limited company. You'll have full employment status and enjoy the benefits this status offers. It doesn't matter whether you're a home-based business or a freelancer or contractor working within an agency or directly for a client.

  • How will I get paid?

    As an employee of your own Personal Services Company, you will receive a salary, legitimate expenses, plus a tax-efficient dividend payment. First, we will arrange for you to be paid a salary equal to your tax free allowance. You must receive this in order to minimise your Corporation tax liability and allow you to qualify for a contribution to State Pension.

    In addition to this salary, you can also claim business expenses against your company. It's essential that you claim your full allowable expenses if you want to reduce your tax liability and maximise your take-home pay.

    Once we have deducted your salary and expenses from your PSC's income, we will be able to calculate your profit, paid to you (once tax has been deducted) as a dividend.

    Your clients will pay your company invoices directly into your business bank account. We will produce a report each month including your basic wage and dividends plus expenses that been entered. We will tell you how much you can legally transfer to your own personal bank account.

  • How do I claim my business expenses?

    It's easy - just complete the March Mutual online expenses claim form. You are also required to retain all your original receipts.

    There is no limit to the amount of expenses you can claim. By claiming for what is rightfully yours, MarchMutual can ensure that you are offsetting as much against your tax as possible - meaning more money for you every month.

  • How do I know if something is a legitimate business expense or not?

    Your online MarchMutual system contains comprehensive guidelines as to what you can and can't claim. However, we're here to help, and recommend that you contact us by email if you are unsure of what you should claim. Rest assured we check all expenses so as to ensure they fall within HMRC guidelines and you do not miss out on tax breaks.

  • Can I work wherever I want?

    Yes, where and how you work is up to you. You can work for clients based anywhere in the world. Whenever you have a new client you simply add their details to the invoicing system and you can create and send off invoices to them for work you carried out. Invoices can be generated in any currency. We are always happy to review contracts that clients ask you to sign.

  • What about if I want to work abroad?

    Our system has been set up to allow you to invoice companies in any part of the world and in any currency. Please contact us if you have any concerns.

  • Are agencies happy for me to work as a PSC?

    Yes, it's great news for your clients. As a PSC, managed by MarchMutual, we'll look after all the payroll admin and your finances, as would be required by any employment agency.

  • Will I need to complete a self-assessment tax return?

    Yes. As a Director of a UK Limited company you will have to complete a self-assessment tax return. Our professional accountants will take care of the whole process for you. We will also provide you with tax help whenever you need it.

  • Is all of this completely safe and legal?

    Absolutely. We are completely compliant in all areas of current legislation, as are all PSCs managed by us. There are no risks to you as a shareholder whatsoever. Articles of Association details your rights as a shareholder - let us know if you would like to receive a copy.

  • How do I get started with March Mutual?

    One quick call is all it takes to get the ball rolling. We will discuss with you the suitability of your situation for a PSC.

    We will then send you a login to our online system for you to complete a simple registration form. Once you have registered and you forward proof of ID, you can be up and running within days.

    Contact us today to start enjoying less paperwork - and more take-home pay.