LondonPM1's very own pollution thread LondonPM1's very own pollution thread
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    Quote Originally Posted by kaiser78 View Post
    I am awaiting confirmation of permanent role offer, which should come today, atbw...

    Sticking point has been salary which we are now agreeing -I had been aiming for £80k basic + blue chip package in a good working environment (I know previous colleagues there) vs £600 / day outside IR35.

    Sounds about right currently?
    i posted about this previously - People were saying 60 - 80 in london is the right figure and 100 is the absolute max so that sounds right ball park

    when you talk about package what do you means - 3% pension 20 days holiday and a small 5% bonus ??

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    Quote Originally Posted by Old Greg View Post
    600 pd x 220 days = 132,000. Is 76% retention still possible? I haven't lived in the UK since before divi tax came in, so I've lost track.

    Assuming 80k has some pension contribution on top, it's not as much of a drop as you make out, although it is a drop. Not a bad move financially given the market.
    84% retention is possible if you max out expenses and draw salary and wife also on payroll and you make a few % from VAT

    And it is possible to work 252 days in a year - Sometimes even more if weekends are possible

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    Quote Originally Posted by LondonPM1 View Post
    84% retention is possible if you max out expenses and draw salary and wife also on payroll and you make a few % from VAT

    And it is possible to work 252 days in a year - Sometimes even more if weekends are possible
    How do you make a few % on VAT - you can only do that by using an inappropriate flat rate percentage?

    Thanks for adding another flag on the tax evading checklist.
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    Quote Originally Posted by eek View Post
    How do you make a few % on VAT - you can only do that by using an inappropriate flat rate percentage?

    Thanks for adding another flag on the tax evading checklist.
    Its been a while but flat rate VAT was always worth a few % so its been included - Keep gunning for tax evasion .... Youll get there with someone soon enough for signing a form in pencil rather than ink

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    Quote Originally Posted by LondonPM1 View Post
    Its been a while but flat rate VAT was always worth a few % so its been included - Keep gunning for tax evasion .... Youll get there with someone soon enough for signing a form in pencil rather than ink
    Once upon a time but not since April 2017 - which was 3 years ago so anyone who has claimed they can make money from VAT has been cheating or just plain wrong for the past 2 years.

    And this is the difference between you and me. As with all s you post without doing any research. I'm actually surprised you didn't join a tax avoidance scheme but I suspect you weren't around when they first appeared.
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    Quote Originally Posted by LondonPM1 View Post
    84% retention is possible if you max out expenses and draw salary and wife also on payroll and you make a few % from VAT

    And it is possible to work 252 days in a year - Sometimes even more if weekends are possible

    Except, if you work more than 250 days per year at £600 per day, you'd not be able to claim flat rate VAT
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    Quote Originally Posted by LondonPM1 View Post
    84% retention is possible if you max out expenses and draw salary and wife also on payroll and you make a few % from VAT

    And it is possible to work 252 days in a year - Sometimes even more if weekends are possible
    But that's not what the OP said he was doing. It's just a pile of assumptions you've made, and you've incorrectly confused expenses with income.
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    Quote Originally Posted by WTFH View Post
    Except, if you work more than 250 days per year at £600 per day, you'd not be able to claim flat rate VAT
    Don't confuse him with facts. It's not kind.
    Quote Originally Posted by Bean
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    Quote Originally Posted by WTFH View Post
    Except, if you work more than 250 days per year at £600 per day, you'd not be able to claim flat rate VAT
    Thats only if you could forsee you would exceed that threshold - Could be argued you did not expect to work 252 days and therefore stated under 150K income and threfre registered for flat rate vat

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    Quote Originally Posted by eek View Post
    Once upon a time but not since April 2017 - which was 3 years ago so anyone who has claimed they can make money from VAT has been cheating or just plain wrong for the past 2 years.

    And this is the difference between you and me. As with all s you post without doing any research. I'm actually surprised you didn't join a tax avoidance scheme but I suspect you weren't around when they first appeared.
    You mean the loan fiddle or the turkish lira fx fiddle

    Thankfully not around for both but I wouldnt have done it -

    Still get called to today on tax barristers opinion letters who can save stamp duty

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