Contracting - limited company set-up?

[Hopefuldave]

Lots of advice, *some* of it clear! Thanks all!

So, if I had the LTD offering "professional services" (in IT as subcontractor to the prime contractor, set my own schedule etc.) AND had another source of business for it (e.g. machining / manufacturing) would the HMRC be more likely to treat me as non-employee?

I''ve heard the "umbrella companies rip you off" from a few places, not just on here...

Dave H. (the other one)

 

[mike os]

Basically yes, its about income streams ... one source on a fixed, regular rate equals employment pretty much