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    #11
    Inside IR35 is really a contractor? Sounds more like a no rights employee to me.

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      #12
      Originally posted by andydd68 View Post
      Not quite true but its not a simple process like PAYE - How to claim a National Insurance refund | AccountingWEB
      Thanks. I didn't know this and stand corrected. However, in this case, I can't see that any of the mentioned circumstances apply.

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        #13
        Originally posted by fidot View Post
        Thanks. I didn't know this and stand corrected. However, in this case, I can't see that any of the mentioned circumstances apply.
        True..although might be a common scenario.i.e someone gets well paid contract for a month for lets say £8k a month, the umbrella would assume that salary would be £96k so just NI would be a lot..but what if he only works one month and actualy owes no PAYE nor NI, anyone know this scenario ?

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          #14
          Originally posted by andydd68 View Post
          True..although might be a common scenario.i.e someone gets well paid contract for a month for lets say £8k a month, the umbrella would assume that salary would be £96k so just NI would be a lot..but what if he only works one month and actualy owes no PAYE nor NI, anyone know this scenario ?
          I believe the contractor would still owe the NI as it is worked out on a weekly or monthly basis.

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            #15
            Originally posted by andydd68 View Post
            True..although might be a common scenario.i.e someone gets well paid contract for a month for lets say £8k a month, the umbrella would assume that salary would be £96k so just NI would be a lot..but what if he only works one month and actualy owes no PAYE nor NI, anyone know this scenario ?
            You can reclaim it through self-assessment and wait for a cheque from HMRC. May take even a year or so...

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              #16
              Originally posted by elsergiovolador View Post
              You can reclaim it through self-assessment and wait for a cheque from HMRC. May take even a year or so...
              Absolute rubbish... as usual.
              'CUK forum personality of 2011 - Winner - Yes really!!!!

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                #17
                Originally posted by Mangobongo View Post
                Is contracting still a lucrative despite government taking so much for most people on here ?
                No it isn't.

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