For those employed on a ‘fixed term contract basis’, the contractor should be considered to be a professional and employed in one of the following fields: medicine, finance, scientific research and development, engineering, education or technology. Evidence of their employment track record may be required. There should be a gap of no more than two months between contracts.
Income will be calculated upon the following basis:
(Contractual day rate x 5) x 46 (weeks) minus tax and NI at the individuals prevailing rate.