Season ticket iR35 Season ticket iR35
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  1. #1

    Contractor Among Contractors

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    Default Season ticket iR35

    Mates season ticket is £13.5K (1st class from north Birmingham) just renewed it (outside ir35 / limited company)

    Also plans to buy £5K avios points now for company flights in next year

    Also plans to pay remaining 24 months car leasing costs this month in a lump sum

    I asked him what happens if he needs to work inside ir35/umbrella from next month at RBS

    His reply was “Finders keepers losers weepers” I’m outside now and can spend my company’s money legally as I wish.

    Question 1. can he ?

    If not does everyone need to stop using annual season tickets etc?

  2. #2

    Nice But Dim

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    No reason I can think of that he shouldn't.

    The rules haven't changed. If his company decides to accept his claim for expenses and they are legitimate at the time they are submitted, then there is no issue.
    "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

  3. #3

    My post count is Majestic

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    I'd imagine he'd have to claim BiK a percentage of everything that now becomes personal use rather than business from the time he's inside in his end of year accounts no?

    But if his attitude is as you say i doubt he will and knows the risk is pretty minimal so just do it.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

  4. #4

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    Quote Originally Posted by northernladuk View Post
    I'd imagine he'd have to claim BiK a percentage of everything that now becomes personal use rather than business from the time he's inside in his end of year accounts no?

    But if his attitude is as you say i doubt he will and knows the risk is pretty minimal so just do it.
    Surly he is still an employee of his limited company and employee of umbrella Company ??? Can you be an employee of both?


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  5. #5

    bored now

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    Quote Originally Posted by GhostofTarbera View Post
    Surly he is still an employee of his limited company and employee of umbrella Company ??? Can you be an employee of both?


    Sent from my iPhone using Contractor UK Forum
    Yes you can but that way could lead to surprising tax bills for the stupid as we discovered earlier today.

    However you may have difficulty justifying a train ticket if there isn't obvious income coming in from those journeys were HMRC to come looking at expenses.
    merely at clientco for the entertainment

  6. #6

    Nice But Dim

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    Quote Originally Posted by GhostofTarbera View Post
    Surly he is still an employee of his limited company and employee of umbrella Company ??? Can you be an employee of both?


    Sent from my iPhone using Contractor UK Forum
    No reason why not. Many people hold down two jobs or more jobs with multiple employers.

    BiK probably does apply, but it's an edge case and the chances of it being queried are minute.
    "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

  7. #7

    More time posting than coding

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    If you are here for bad advice, here is proper one:
    Ask him if he has heard of options trading over two accounting periods.
    Just enough so your SIC codes don't change.

  8. #8

    Double Godlike!

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    Quote Originally Posted by GhostofTarbera View Post
    Surly he is still an employee of his limited company and employee of umbrella Company ??? Can you be an employee of both?


    Sent from my iPhone using Contractor UK Forum
    He is an officer and shareholder of his company, I very much doubt he is an employee.
    Blog? What blog...?

  9. #9

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    if it's a one year season ticket, and he's just finshing a one year season ticket, then surely we're entering 24-month rule territory?
    See You Next Tuesday

  10. #10

    Contractor Among Contractors

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    His other plan (if moved to umbrella) is to stop taking dividends himself but his wife (book keeper) to max out each year until he returns to an outside position




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