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  1. That’s what I thought. But my public sector...

    That’s what I thought.
    But my public sector client, for whom I have two distinct pieces of work, and has provided an outside determination, still wants to run it though an agency.

    I think the...
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    Like using email to run all business functions?

    Like using email to run all business functions?
  3. Thread: Expenses via PSC

    by Lance
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    665

    Be careful with this though. If you only develop...

    Be careful with this though.
    If you only develop for clients and they provide the test environment you’ve lost your justification.
    It’s one reason I always use my business devices for proof of...
  4. Thread: Expenses via PSC

    by Lance
    Replies
    24
    Views
    665

    Well if your current laptop fails how you gonna...

    Well if your current laptop fails how you gonna email the accountant to ask him without a new laptop.

    I think he’s wrong. But then again there still needs to be some business consideration. If the...
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    FOG

    FOG
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    What do you mean by class b shares? You know...

    What do you mean by class b shares?

    You know that the class letter is arbitrary don’t you?
    Shares are shares. If there’s only one class of shares then they denote ownership.

    What are you...
  7. Thread: Agency Margins

    by Lance
    Replies
    41
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    3,112

    Market rate £350 Agent rate £420 Agency margin...

    Market rate £350
    Agent rate £420
    Agency margin = 16% (70/420). A little on the high side but not eye watering.

    It's a 20% mark-up though. Take care not to confuse mark-up with margin. They are...
  8. pedantry time again. I think it does make it more...

    pedantry time again. I think it does make it more likely.

    Chances of being found to have been inside all along if you're not investigated is zero.
    If you are investigated the chances increase...
  9. indeed. Hence the ban on PSCs. I think we're...

    indeed. Hence the ban on PSCs.
    I think we're agreeing in a roundabout fashion :)
  10. the thing is, how many contractors can afford to...

    the thing is, how many contractors can afford to have that fight?
    I cannot see IPSE spaffing the money to sue a client either.
  11. I'm not sure it's illegal. It's not lawful (in...

    I'm not sure it's illegal.
    It's not lawful (in that the legislation says they shouldn't) but that's not the same as illegal.
    Strictly speaking it's neither till it's been tested, but the latter...
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    Get the contract reviewed first up. Then...

    Get the contract reviewed first up.

    Then determine whether the client is large enough such that they make the determination post April.
    If they are then you may want to check, after you get your...
  13. Thread: Agency Margins

    by Lance
    Replies
    41
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    3,112

    Are these the parasites that found you the gig?...

    Are these the parasites that found you the gig?
    Just asking as I think that to be a parasite there is no two-way relationship.
    If of course they did some work, matched you and the client, and...
  14. The overseas aid budget was in the manifesto as...

    The overseas aid budget was in the manifesto as well.

    Maybe they’re just knocking over the easy manifesto items, before they raise VAT and income tax basic rate.
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    unless there's a really compelling reason to move...

    unless there's a really compelling reason to move then stay with the same lender and take their better offer.

    And a reminder..... Check the fees for new mortgages. A very low rate, with a large...
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    Oh yes..... You have missed something indeed....

    Oh yes.....
    You have missed something indeed.
    You quit before you had somewhere else to go.

    In my experience very few HR departments will inform a line manager.
    In my experience you’re far...
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    What on earth made you think you needed to quit...

    What on earth made you think you needed to quit your job in order for them to verify your current employment??

    waiting for client sign off means waiting for client to agree you’re the right...
  18. Well.... if you put it like that.... Job’s...

    Well.... if you put it like that....
    Job’s buggered then I reckon.
    Penury and servitude for the foreseeable.

    It’s almost as if people don’t take their responsibilities seriously when starting a...
  19. Taking the numbers at face value. Debtors =...

    Taking the numbers at face value.
    Debtors = £11,411.01
    + cash on hand of £15,500 = £26,911.01

    Which is marginally greater than the creditor account of £26,378.84

    Is S455 owed by the company...
  20. I reckon a bounce back loan could be used to pay...

    I reckon a bounce back loan could be used to pay some, or all, of the CT but won't cover the DLA.
    Whether a large enough bounce back loan would be available depends.

    As for the DLA. That's a...
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    this... It amazes me when they can get good...

    this...


    It amazes me when they can get good resource cheap they always provide crap resource even cheaper.

    I had an argument with an SI once who provided a SAP consultant for £150 a day. We...
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    that's what I thought but all the guides fail to...

    that's what I thought but all the guides fail to mention it as such.


    hmmm.. daffodils....... :cool2:
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    Dunno if I'm being thick here. Or not explaining...

    Dunno if I'm being thick here. Or not explaining very well.


    My assumption is that I can take 25% of the entire pot and spend it on cocaine and hookers. Will that trigger MPAA? None of the...
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    I read that but it says ‘draw a lump sum AND buy...

    I read that but it says ‘draw a lump sum AND buy an annuity’.
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    I cannot find anything that points to the 25%...

    I cannot find anything that points to the 25% trigger for MPAA.
    I'm sure you're right but where do I find it?
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    cabinet minister jobs are really safe right now.

    cabinet minister jobs are really safe right now.
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    you have an ISA that's gained? What is this...

    you have an ISA that's gained?
    What is this wizardry of which you speak?
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    I think you should stop 'planning on using MVL...

    I think you should stop 'planning on using MVL online' and start using them.
    It's going to cost you to do this anyway, so why bother trying to guess what you don't know?
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    somewhat optimistic. More like it will become...

    somewhat optimistic.
    More like it will become £382k in 5 years. Assuming YoY growth of 5% (aiming for any more is NOT wise).

    It will pay for your depreciating asset repair bills though.
  30. assumption or fact? I don't know what the rules...

    assumption or fact? I don't know what the rules are, but do you? Or are you guessing what you think they ought to be?
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    it's a kit car.... A nice kit car, but still a...

    it's a kit car....
    A nice kit car, but still a kit car.

    Might as well have based it on a Ford Sierra and then you can get it for £20k
  32. GAAR legislation was introduced to provide a law...

    GAAR legislation was introduced to provide a law for this so there is no longer a need for case law to be applied.

    Caveat: Case law still counts and IANAL



    I understand the first sentence....
  33. Acting fraudulently in the UK jurisdiction to...

    Acting fraudulently in the UK jurisdiction to evade tax in another jurisdiction.

    UK considerations
    - you've committed the offence there so if caught caught you risk being struck off as a...
  34. Thread: Need advice

    by Lance
    Replies
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    some reading here Whistleblowing for employees -...

    some reading here Whistleblowing for employees - GOV.UK

    You might count as an agency worker, but I suspect not.
    So this may well not apply.
    I for one, even if I was through an agency and hadn't...
  35. why wouldn't GAAR be relevant? It's entire...

    why wouldn't GAAR be relevant?
    It's entire purpose was to catch complex methods of legally avoiding tax. If their complexity can be demonstrated to have been done purely for tax avoidance, then it's...
  36. FYI retained profit from contracting is classed...

    FYI retained profit from contracting is classed as a capital gain if you sell your shares for profit (that's the capital gain bit), or MVL (same thing as selling shares for profit). Forget how the...
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    what is this? Counselling services? It would...

    what is this? Counselling services?
    It would surely reduce the number of posters if all posts have to be sugar coated.
    We'd need more mods than contributors.
  38. GAAR.....

    GAAR.....
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    Isn’t that kinda the point though? People come...

    Isn’t that kinda the point though?
    People come here to know what we would/did do in similar circumstances.

    Some of us might have done things that with hindsight were dumb. Quite often that...
  40. Thread: MVL alternative?

    by Lance
    Replies
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    Yes you can. In fact my medium term plan is to...

    Yes you can.
    In fact my medium term plan is to do exactly that.
    Will probably do little bits and pieces of work to tick over.
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    "things take longer and cost more" & "it's worked...

    "things take longer and cost more" & "it's worked out"

    They sounds mutually exclusive to me.
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    You might want to think about withdrawing your...

    You might want to think about withdrawing your notice.
    Tell them you’ve come to realise what a wonderful company it is and that you’ve made a mistake.
    If you’re any good they’ll gladly agree.
  43. It's fine.

    It's fine.
  44. what obvious reasons? I think the agent...

    what obvious reasons?

    I think the agent doesn't understand what being a director means though. You are bound by the contract terms whether employed by your LTD or not.
    And if you're really...
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    Most business insurance will let you cancel and...

    Most business insurance will let you cancel and refund you pro rata.
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    It's perfectly legal to pay your wife whilst not...

    It's perfectly legal to pay your wife whilst not taking a salary.
    If HMRC don't like it and charge you more tax it's still 'legal'.

    You probably want to forget about the legalities and think more...
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    I'm pretty sure the agent would tell you if the...

    I'm pretty sure the agent would tell you if the rate you want is too high.
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    I thought that the reason why umbrellas are...

    I thought that the reason why umbrellas are involved for these engagements is because agencies don't have, or want, the payroll facility?

    I do think that umbrellas are going to find post April...
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    And priti is not only excelling, she’s setting...

    And priti is not only excelling, she’s setting new standards of c**tery in the home office.
  50. if he does the company annual filing CT and any...

    if he does the company annual filing CT and any VAT for £150 then I'd just pay him extra to do the other bits.
    He's not exactly expensive.

    Although... that's maybe a bit too cheap....
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