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  1. Replies
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    Maybe I misread the question but I interpreted it...

    Maybe I misread the question but I interpreted it as an accountant asking a legal/accounting question, in a forum mostly populated by lay men in those areas.
    Hence my suggestion.
  2. Employing / contracting a person under my limited company for fixed duration

    Join ipse and use their template. Cheaper than a lawyer.

    Or pay me £180 and I’ll let you have the IPSE template. Cheaper than IPSE membership.
  3. Replies
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    I’m not sure an IT contractor forum can help an...

    I’m not sure an IT contractor forum can help an accountant with a non-IT related question....

    The normal first suggestion is to see what your accountant advises but I guess that’s you?
    Try one of...
  4. Yeah. This... One less link in the chain as...

    Yeah. This...

    One less link in the chain as well.
    I presume that the PAYE option involves OP not having to pay employer NICs or apprentice levy.
  5. Replies
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    Last time I asked a broker to get me a mortgage...

    Last time I asked a broker to get me a mortgage price, he got some, and gave them to me, for me to then ask why they weren’t as good as the ones I’d found online.
    His answer was that this company...
  6. don't google that

    don't google that
  7. Replies
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    you'll get a P60 for the tax year from your...

    you'll get a P60 for the tax year from your employee. You'll also get from your company's accountant.
    The two of those will need to be entered into the SATR portal, if it doesn't have them already...
  8. Replies
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    Interesting that the document has only three...

    Interesting that the document has only three outside examples.

    One of which is out of scope due to umbrella payment (Ref 3).
    Another is outside due to a sub having been used (ref 10).
    Leaving...
  9. Replies
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    997

    What I've found is that when I'm working on...

    What I've found is that when I'm working on migration projects the client expects weekend work, and that means they don't want to pay more for that.

    What you should really do though is deal with...
  10. No. I just reckon that WBAV valuations are a...

    No. I just reckon that WBAV valuations are a perfectly valid way to guage the value of a low value asset that is subject to large amounts of variation and depreciation.
  11. "the amount that the employee could get for the...

    "the amount that the employee could get for the item if he or she were to dispose of it as soon as it came into their possession. That is, its second-handvalue" that you highlighted.

    Selling a car...
  12. who's to say? I have just bought the wife a...

    who's to say?

    I have just bought the wife a new car. I looked at 10 different cars, all the same make/model, same engine, same age, all retail price, with a £1,500 variance. That difference was...
  13. Find me the HMRC article that says fair valuation...

    Find me the HMRC article that says fair valuation has to be made as retail price rather than trade.
    Both are fair.
  14. I disagree. Any item has a sale price to the...

    I disagree.
    Any item has a sale price to the trade and a sale price to the public. Both are fair valuations.
    There is nothing in fair market that says you have to use the price to the public rather...
  15. and point out everything they missed. They're not...

    and point out everything they missed. They're not very good IMO.
    Great place to sell a clean looking car with loads of underlying problems.
  16. Replies
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    it depends. a) What will the client be willing...

    it depends.

    a) What will the client be willing to pay?
    b) will the consultants expect more money for weekend work?

    If the client has already said no, I'm not sure what answers you expect.
    ...
  17. Someone who knows what they’re doing might. WBAV...

    Someone who knows what they’re doing might.
    WBAV will provide a formal quote. I can’t see HMRC having too much problem with that.
    I doubt if Parker’s price for a trade sale would differ that much...
  18. You could buy the van at the lowest price, then...

    You could buy the van at the lowest price, then "fix it up" at personal cost :happy
    Who's to say that it was an unfair valuation at the time. Especially if an investigation comes 3 years down the...
  19. On the assumption that you are running a business...

    On the assumption that you are running a business (IE. a LTD. company), then of course you can. In fact you have a legal responsibility to maximise the profit for your shareholders so to not do so is...
  20. And add this little tale to the list of reasons...

    And add this little tale to the list of reasons why company cars don’t make sense.
  21. Yep. You need to clear all company debts (corp...

    Yep. You need to clear all company debts (corp tax etc).

    ER is a personal tax relief.
    You take your capital back out of the company and pay personal capital gains tax. ER is basically a discount...
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    And people blame the government for banks wanting...

    And people blame the government for banks wanting rid of contractors....
  23. Replies
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    best rate was £1200 a day in 1999. But I was a...

    best rate was £1200 a day in 1999. But I was a perm so didn't see much of that.
    That was the peak. Dotcom boom combined with Y2K. And no WiPro/Tata/TM.
  24. Replies
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    If agents aren't returning your attempts to...

    If agents aren't returning your attempts to contact, the reason is not because of their office location.
    A lot of agents are furloughed for now, but even after that I don't see them getting the bryl...
  25. Replies
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    of course it can. It's just down to how it's...

    of course it can. It's just down to how it's accounted for in the book-keeping. I'm no an accountant hence I used DLA as an example of accounting, but it could be a capital investment.

    The fact...
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    errrr..... cos that's the example you posted...

    errrr..... cos that's the example you posted about.....


    and the LTD does not need to make any tax deductions. But it may choose to not pay all of the money. That would be a bit daft IMO, but...
  27. Replies
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    They're not necessarily personal funds. You are...

    They're not necessarily personal funds. You are assuming they are, as tax has been deducted at source. But that's a poor assumption and incorrect.
    It would be easier to take it personally rather...
  28. Replies
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    I don't think anyone is saying it's difficult. ...

    I don't think anyone is saying it's difficult.

    The biggest issue is not knowing what you don't know. How many tales of woe do we hear with basic mistakes made due to not knowing the basics?
    And...
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    The fact you ask suggests you don’t know enough...

    The fact you ask suggests you don’t know enough to do it.

    If I was contemplating DIY I’d first investigate what was involved. Then I’d decide if I thought I was capable. At no point do I think I’d...
  30. Thread: Rate question

    by Lance
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    2,063

    I’m too busy to help, but to answer the direct...

    I’m too busy to help, but to answer the direct question you should expect to pay £500 a day minimum for someone who can do the work, document and be able to handover and train.
    Budget for 500-650...
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    The easiest way to do this is to pay them as self...

    The easiest way to do this is to pay them as self employed. That way they are responsible for legal compliance. Just keep accurate records.

    The bit that might make it complicated is where you have...
  32. What dogsnads says is true for a personal deal....

    What dogsnads says is true for a personal deal. Those are covered by different legislation.

    For a business deal there are different laws. The rules might be the same. Dogsnads can maybe confirm.....
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    Which is completely irrelevant to the OP and the...

    Which is completely irrelevant to the OP and the question.
    Please. Just give it up now. Accept that you're wrong and walk away with some dignity.
  34. Replies
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    it doesn't sound like there's any risk to get...

    it doesn't sound like there's any risk to get worried about.
    I'd not make the decision on an MVL just yet though. Who knows what's round the corner.
    And if you don't have any work, 7.5% dividend...
  35. Replies
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    :spel sack him as well

    :spel
    sack him as well
  36. Replies
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    :spel *your* :spel *too* not woken up yet? ...

    :spel *your*
    :spel *too*
    not woken up yet?

    As to the OP's question. The worries around an investigation being triggered after April was far more likely to be as a result of HMRC knowing that...
  37. Thread: Useless

    by Lance
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    they're already lining it up to be Barnier's...

    they're already lining it up to be Barnier's fault.
  38. Replies
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    I was going to say that it's not worth spinning...

    I was going to say that it's not worth spinning up a LTD for a few grand. But as you already have the LTD. I'd say go for it.
    If it's only a few grand saving, it's not as if HMRC will bankrupt you...
  39. Replies
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    is there a point anywhere in there? or a...

    is there a point anywhere in there?
    or a question?

    Please summarise.
  40. this advice is not very good. No point leaving...

    this advice is not very good.
    No point leaving in the company unless you're already at the higher rate threshold. Take every penny out at 7.5% tax that you can.
  41. 1) find a new contract anywhere and commute 2)...

    1) find a new contract anywhere and commute
    2) the Mrs. decided you had to move, get her working
    3) everyone is working from home anyway so what difference does location make?
    4) make your CV...
  42. Replies
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    so they are fining you or not? A caution will...

    so they are fining you or not?

    A caution will show up on DBS check.
    Police cautions, warnings and penalty notices - GOV.UK

    I suggest, if you don't know that you explain what happened, without...
  43. Replies
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    sounds odd. If you were formally cautioned then...

    sounds odd. If you were formally cautioned then they're not taking it any further.
    If they might take it further then you have not been cautioned.
    You might want to clarify the exact wording used....
  44. Replies
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    Agreeing to disagree implies there anything...

    Agreeing to disagree implies there anything subjective here.
    There’s not. Not outside your mind anyway.
  45. Replies
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    It's not grey. Yes you can. As NLUK says, you do...

    It's not grey. Yes you can.
    As NLUK says, you do potentially limit your future options though.
  46. Replies
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    :spel Too

    :spel Too
  47. Replies
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    fraud = illegal you not liking it != illegal

    fraud = illegal
    you not liking it != illegal
  48. Replies
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    :spel Phoenix if the company fails then...

    :spel Phoenix

    if the company fails then phoenixing is less of an issue, however being a struck off director might be ;)
  49. Replies
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    HAHAHAHAHAHAHA....... why on earth would they...

    HAHAHAHAHAHAHA.......

    why on earth would they have do that?
    It's not like it's overpaid tax. It's tax paid voluntarily based on a a flawed assessment tool. HMRC will simply say that the tool...
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    I have no idea if that would work. But I got £5...

    I have no idea if that would work. But I got £5 that says if it does the OP wouldn’t be asking on here.
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