Can I ask a really dumb question - is it 40% of the working week (5 days) or the full week on the basis as a company owner you may work weekends as well?
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The 24 Month Rule in a nutshell
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Originally posted by antuk View PostCan I ask a really dumb question - is it 40% of the working week (5 days) or the full week on the basis as a company owner you may work weekends as well?
Certainly in the case you describe, it is based on the 5 day week, not 7.Comment
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Originally posted by antuk View PostCan I ask a really dumb question - is it 40% of the working week (5 days) or the full week on the basis as a company owner you may work weekends as well?
If the answer is no then you have your answer.See You Next TuesdayComment
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It's a good question, but it has an equally good answer. Work on the basis of time spent that directly leads to earned income - think of it in terms of hourly rather than day rate invoices. There is still an overhead of non-productive time for general admin and paperwork but that is not significant in terms of a working year so should be ignored.
That therefore excludes commuting time (less, to be pedantic, any genuine work done on the train for example) but not time travelling to a different workplace. It also excludes any necessary rework and non-productive effort such as training or research.
As with all such cases, the need is to be able to prove to HMRC that what you are claiming is proportionate and reasonable.Blog? What blog...?Comment
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Sorry if this has already been answer earlier in the thread I only read a few pages in.
What's the advice after 24 months?- Try to negotiate a higher rate to cover the non expensed travel, substance and accommodation costs?
- Leave and find another contract at the same rate?
- Accept the new costs?
I do 2 day's WFH and 3 on client sites so I'd come in at exactly 40%.Comment
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Originally posted by FreeZey View PostSorry if this has already been answer earlier in the thread I only read a few pages in.
What's the advice after 24 months?
I do 2 day's WFH and 3 on client sites so I'd come in at exactly 40%.Blog? What blog...?Comment
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Originally posted by malvolio View PostSince the rule doesn't apply, I suggest you do nothingComment
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Originally posted by Parisno View PostWhy does the rule not apply? 2 days WFH means 3 in the office 3 days out of 5 is 60% in the office, thats quite a bit over 40%
Pretty standard situation really surely?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by malvolio View PostTo a person. It is all about BIKs...⭐️ Gold Star ContractorComment
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