Originally posted by SueEllen
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Under IR35 - Capita is charging me Apprenticeship Levy Tax
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The title and a quick scan of the posts should have cleared that up in seconds. They should rename General Bantz or something though.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Probably the easiest thing is to pay the 0.5%, give notice to terminate the contract and offer to start a new contract with an additional 0.5025% on the day rate.Comment
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Originally posted by northernladyuk View PostProbably the easiest thing is to pay the 0.5%, give notice to terminate the contract and offer to start a new contract with an additional 3% on the day rate.Comment
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Originally posted by ladymuck View PostBTW - your post implies you are putting the invoicing/receipts through your Ltd Co. How are you accounting for the VAT discrepancy between what you charge and what you receive? I asked my accountant and he didn't know!Comment
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Originally posted by nelsonswork View PostThanks, I wasn't aware of any discrepancy. I'll raise it with my accountant.
Originally posted by eek View PostThere is no VAT discrepancy -> you bill £2000 with £400 VAT on top and you receive £400 in VAT.
The issue is that you don't receive £2000 in payment alongside that £400 in VAT. You only get £1200 of it (rough guesstimate figure) with the rest withhold or paid on your behalf by the agency....Comment
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Originally posted by eek View PostFirst question who is paying you personally... To answer your question we need to know the contract hierarchy:-
public sector client -> Capita -> ???? -> ???? (either your company / umbrella) --> youComment
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Originally posted by nelsonswork View PostStructure is: Public Sector Client -> Capita -> My LTD Company -> Me
As an employer, you’ll have to pay Apprenticeship Levy each month from 6 April 2017 if you:
- have an annual pay bill of more than £3 million
- are connected to other companies or charities for Employment Allowance which in total have an annual pay bill of more than £3 million
Your annual pay bill is all payments to employees that are subject to employer Class 1 secondary National Insurance contributions (NICs) such as wages, bonuses and commissions.
Employers NI deducted from the invoice and paid by the agency directly
Employees NI paid on your behalf by the agency
Income Tax paid on your behalf by the agencyLast edited by eek; 18 May 2017, 10:35.merely at clientco for the entertainmentComment
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Originally posted by SueEllen View PostWhy is this thread in General?Down with racism. Long live miscegenation!Comment
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