The median contractor rate for a Consultant was £500 per day in advertised job vacancies during the 6 months to 24 October 2019. The first table below provides contractor rate benchmarking and summary statistics including a comparison to same period in the previous 2 years. Note that daily and hourly rates are treated Contractor Calculator, the UK’s authority on contracting serves a readership of over 200,000 visitors per month [see latest traffic report] made up of contractors from IT, telecoms, engineering, oil, gas, energy, and other sectors.Online since 1999, we publish thousands of articles, guides, analysis and expert commentary together with our financial tools and tax calculators. Flat Rate Scheme for VAT with first year discount applied. 2. Assignments not subject to IR35. 3. Director’s wage of £8,632 per year. 4. Accountancy fees based on the Assure package from our sister company ClearSky Contractor Accounting 5. One owner/director involved in the company. Both calculations: 1. Based on you working 37.5 hours per week 2.