A PSC means you tick the PSC box. A typical IT contractor probably is a PSC, didn't we have this discussion a while ago?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
BBC ‘forced’ star names to set up firms to avoid tax
Collapse
X
-
Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishing -
Originally posted by d000hg View PostA PSC means you tick the PSC box. A typical IT contractor probably is a PSC, didn't we have this discussion a while ago?Comment
-
Originally posted by d000hg View PostA PSC means you tick the PSC box. A typical IT contractor probably is a PSC, didn't we have this discussion a while ago?
https://www.google.co.uk/search?q=wh...hrome&ie=UTF-8'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
Originally posted by madame SasGuru View PostYou can do everything in your list already but you clearly don't understand why people use Limited Companies - which is because Agencies cannot supply self employed people. Agencies can only supply people either on their own payroll or via a 3rd party which is where your limited company comes into play.
And what exactly is a PSC? I don't know anyone with a PSC but I do have a limited company (due partly to me working via an Agency but also to limit my personal liability).
As mentioned above, PSC is a tick box on the self assessment when declaring type of employment if via a director of a Ltd, though I can't recall seeing it on the last one due January 2018.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on.Comment
-
Originally posted by Hobosapien View PostAnd why is that? Who set those rules and why?
As mentioned above, PSC is a tick box on the self assessment when declaring type of employment if via a director of a Ltd, though I can't recall seeing it on the last one due January 2018.
And the fact its not on the form was partly why I asked the question. That information is now collected in a more appropriate and direct way (from the agency who have to pass to HMRC your NI number alongside amounts paid and to whom the money was paid).
But I will ask for a second time exactly what is a PSC - I assume as you brought it up you can give me the legal definition of what a PSC is...Comment
-
Originally posted by madame SasGuru View PostBut I will ask for a second time exactly what is a PSC - I assume as you brought it up you can give me the legal definition of what a PSC is...
Use Google. IR35 is a real thing but a black & white in/out logic doesn't really exist so precedent is set for a PSC to be somewhat similar. I'd hope all of us here are quite able to determine if we qualify as such, apart from where we're being deliberately, antagonistically obtuse.
Although interesting (not really) PSC has another definition already, Person of Significant Control within a company.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
-
Originally posted by madame SasGuru View PostA labour government back in 1977 to protect workers from abuse by agencies who forced them to be self employed.
And the fact its not on the form was partly why I asked the question. That information is now collected in a more appropriate and direct way (from the agency who have to pass to HMRC your NI number alongside amounts paid and to whom the money was paid).
But I will ask for a second time exactly what is a PSC - I assume as you brought it up you can give me the legal definition of what a PSC is..."You’re just a bad memory who doesn’t know when to go away" JRComment
-
Originally posted by d000hg View PostWhat kind of moronic reasoning is that?
Use Google. IR35 is a real thing but a black & white in/out logic doesn't really exist so precedent is set for a PSC to be somewhat similar. I'd hope all of us here are quite able to determine if we qualify as such, apart from where we're being deliberately, antagonistically obtuse.
Although interesting (not really) PSC has another definition already, Person of Significant Control within a company.Comment
-
Originally posted by SueEllen View PostYou are aware as most of the posters on the board there is no legal definition of a PSC. The definition is made up by HMRC and if people have more than one director in their company, particularly one that is fee earning the PSC definition is a load of rubbish.Comment
-
Yes as I said, PSC seems to mean two entirely separate things which happen to be related in some cases. That's a problem of acronyms only that could lead to confusion.
I'm not sure there has to be a legal definition. You review the guidelines and decide if you are one, like with IR35, and they can challenge it in which case it goes tor review. Many things in our society - including the entire legal system - work on such principles.Originally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment