I'm currently in a short contract that ends Dec 31st this year. My concern is if the contract is renewed but they are unable to tell me if they determine me inside or outside at the renewal date.
Currently I'm thinking if I'm offered a renewal I should request a renewal until the end of February or middle of March 2019. This would allow for payments to hit the company bank account prior to April. The end of March is cutting this a bit fine even on a weekly payment schedule.
So my current options if I'm offered an extension on 31st December are
1) Advise I can extend until mid-march at the latest unless they can confirm in writing that I will be determined as outside when the new rules take effect in April 2020
2) Advise I can extend until mid-march and while working this contract potentially approach client and ask if they are able to advise if the contract would be inside or outside if any future renewals are offered
And what happens if the client advises you will be determined inside for next renewal. Is it better not to ask and just leave?
I'd be interested what others are doing with their renewals.
Also with the way things are going there may be limited outside IR35 positions available in the future.
If I decided to take an inside-ir35 contract or permanent role in the future but to work via an Umbrella rather than through my Limited company. Would this mean HMRC would make the assumption that all my previous contracts through the company were inside? Or does moving to the Umbrella model mean you are safer?
I'd like to keep the Ltd Company running regardless in 2020 as I also generate a small income via Ecommerce online sales through the Ltd company (separate stream to my consulting business).
Currently I'm thinking if I'm offered a renewal I should request a renewal until the end of February or middle of March 2019. This would allow for payments to hit the company bank account prior to April. The end of March is cutting this a bit fine even on a weekly payment schedule.
So my current options if I'm offered an extension on 31st December are
1) Advise I can extend until mid-march at the latest unless they can confirm in writing that I will be determined as outside when the new rules take effect in April 2020
2) Advise I can extend until mid-march and while working this contract potentially approach client and ask if they are able to advise if the contract would be inside or outside if any future renewals are offered
And what happens if the client advises you will be determined inside for next renewal. Is it better not to ask and just leave?
I'd be interested what others are doing with their renewals.
Also with the way things are going there may be limited outside IR35 positions available in the future.
If I decided to take an inside-ir35 contract or permanent role in the future but to work via an Umbrella rather than through my Limited company. Would this mean HMRC would make the assumption that all my previous contracts through the company were inside? Or does moving to the Umbrella model mean you are safer?
I'd like to keep the Ltd Company running regardless in 2020 as I also generate a small income via Ecommerce online sales through the Ltd company (separate stream to my consulting business).
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