Working on contract?

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18 Oct 2002
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I've been working in London for over a year now, in a permenant position. I've been offered a 6 month contract in Birmingham, with the possibility of that being extended.

I have no real desire to leave London (for personal reasons) but they are offering me £450 per day.

I have never worked on contract before and haven't got the first idea how to go about it. Do I need to set myself up as a company? How much tax would I have to pay on that roughly?

Any advice from any contracters out there?

Just trying to decide whether this is worth it or not.

TIA.
 
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