I am newly back in the UK after 12 years away (living in the sun until my Visa ran out!)
I've been talking with an agency and they are suggesting I go down the Flat Rate VAT scheme, it seems they have a lot of companies which work in this way. I won't have many inputs so I would be on the IT contractors standard rate.
I don't yet have my own ltd company setup - but that part seems quick and easy to organise via companies house.
An option is for me to be under PAYE but working for one of their existing companies that is under the FRV - looking at the HMRC website seems that companies can't be associated with other ones if they are to be eligible for FRV?
Is this area a well known avoidance scheme? If so can you share links and posts so I can review it further?
I am not too concerned about IR35 issues as my area is SEO and I don't intend to be working for any single company for more than a few weeks. Once I am established in the UK I want to pick up my own clients directly and break away from agencies etc.
Any advice appreciated.
Mark
I've been talking with an agency and they are suggesting I go down the Flat Rate VAT scheme, it seems they have a lot of companies which work in this way. I won't have many inputs so I would be on the IT contractors standard rate.
I don't yet have my own ltd company setup - but that part seems quick and easy to organise via companies house.
An option is for me to be under PAYE but working for one of their existing companies that is under the FRV - looking at the HMRC website seems that companies can't be associated with other ones if they are to be eligible for FRV?
Is this area a well known avoidance scheme? If so can you share links and posts so I can review it further?
I am not too concerned about IR35 issues as my area is SEO and I don't intend to be working for any single company for more than a few weeks. Once I am established in the UK I want to pick up my own clients directly and break away from agencies etc.
Any advice appreciated.
Mark
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