Search Results - Contractor UK Bulletin Board

Search:

Type: Posts; User: WordIsBond

Page 1 of 10 1 2 3 4

Search: Search took 0.01 seconds; generated 44 minute(s) ago.

  1. Replies
    34
    Views
    1,498

    Pretty sure TCP is right. Can't be under SDC...

    Pretty sure TCP is right. Can't be under SDC with a brolly and claim. But if you aren't, you may be able to claim expenses for traveling to temporary workplaces.
  2. When you register I believe you will be asked if...

    When you register I believe you will be asked if you expect to be reclaiming more VAT than you are paying, in other words, if you expect it to be regular refunds, rather than payments.

    That would...
  3. Replies
    38
    Views
    1,116

    Well done, we are all exceedingly proud of you. :D

    Well done, we are all exceedingly proud of you. :D
  4. Replies
    38
    Views
    1,116

    He admitted it. Thus, you were in fact wrong. ...

    He admitted it. Thus, you were in fact wrong. Will you say so?

    "Man up man and withdraw"
  5. Replies
    9
    Views
    378

    You'll probably spend 30 years in a secure...

    You'll probably spend 30 years in a secure location, with rent, food, heat, and Internet provided by HMG, and you'll have a killer pension when you are free again. Why worry?

    Seriously, it just...
  6. This is share dealing fees and so you'd want to...

    This is share dealing fees and so you'd want to find out if it's the same within a pension, and I don't think it covers fund fees, but The Best Share Dealing Accounts | MyWalletHero
  7. Replies
    62
    Views
    3,132

    That's certainly not the case for me. But I do...

    That's certainly not the case for me. But I do need to be able to keep a substantive reserve to pay staff if contracts dry up for a while.

    I suspect that a lot of guys are using income splitting...
  8. Replies
    62
    Views
    3,132

    And won't if no one ever presents a coherent...

    And won't if no one ever presents a coherent solution to the problem. The problem is that contractors stuck in their heels and said, 'I like what I have, don't take it away.' We heard about...
  9. Replies
    62
    Views
    3,132

    No, part of the point is limited liability. Of...

    No, part of the point is limited liability.

    Of course it is about tax. You can even out an uneven income stream inside IR35 too, just by saving the money. The difference is that if you even it...
  10. Replies
    19
    Views
    1,582

    As long as your income doesn't reach the...

    As long as your income doesn't reach the threshold that triggers lower limits on contributions. The Annual Allowance - The Pensions Advisory Service. Basically, don't take income over £110K if you...
  11. Replies
    62
    Views
    3,132

    It's a good idea. If you took away ER/MVL but...

    It's a good idea. If you took away ER/MVL but offered "averaging" to contractors, it would certainly help with the bench time issues.

    It still leaves the question, how do you distinguish...
  12. Replies
    62
    Views
    3,132

    They can argue that but do the facts bear it out?...

    They can argue that but do the facts bear it out? Are the people at Barclays/Lloyds etc seeing an uplift in the rates offered to reflect ER NI being borne by the engager? Pretty sure that isn't...
  13. Replies
    62
    Views
    3,132

    Yes, you are correct. I'd forgotten it because...

    Yes, you are correct. I'd forgotten it because it is a non-issue for me personally. I'd say if you go back to the 24 month rule for inside roles as well as outside roles that would be equitable. ...
  14. Replies
    9
    Views
    868

    Maybe they'll use the same caveat that HMRC does...

    Maybe they'll use the same caveat that HMRC does -- as long as what's entered is accurate. Works for them....
  15. Replies
    62
    Views
    3,132

    I have one more issue that I think contributes to...

    I have one more issue that I think contributes to the IR35 problem. Very simply, it is punitive and so encourages people to tilt the scales in weighing whether they are inside or outside.

    Again,...
  16. Replies
    62
    Views
    3,132

    I've already talked about income splitting. You...

    I've already talked about income splitting. You are 100% correct, IMO, that the dividend tax change should mostly kill IR35, because it removed a significant imbalance. Perhaps it needs tweaked a...
  17. Replies
    62
    Views
    3,132

    That's all a rather long-winded way to say that...

    That's all a rather long-winded way to say that income splitting is an issue that isn't going to be solved with IR35. But, if you removed the income splitting imbalance, you would remove much of the...
  18. Replies
    62
    Views
    3,132

    The income splitting problem is not solvable...

    The income splitting problem is not solvable because ideology has trumped the real world in our tax system. That is the ideology that says a wife must be treated as having her own income and her own...
  19. Replies
    62
    Views
    3,132

    Part of the problem here is defining 'working'. ...

    Part of the problem here is defining 'working'. My wife handles invoicing on multiple contracts, payroll for 6 employees, payments for two subcontractors, purchase of equipment, consults with me on...
  20. Replies
    62
    Views
    3,132

    This goes to whether this discussion is about how...

    This goes to whether this discussion is about how to attack it in the current political environment, or what a real solution would be. The answers are very different.

    You could try to...
  21. Starling / Xero integration appears to be working...

    Starling / Xero integration appears to be working like a dream, FWIW.

    A little bit of a pain getting all the payees sorted out, they didn't come over very cleanly in the transfer from our prior...
  22. He's right, no doubt. The problem is something...

    He's right, no doubt. The problem is something else is going to be necessary. As long as a tax system has significant imbalances, people will find a way to take advantage of them. The key is to...
  23. Replies
    19
    Views
    1,582

    It depends. If you are public sector, no. ...

    It depends.

    If you are public sector, no. And there's little reason to operate an inside IR35 public sector contract through a PSC rather than an umbrella.

    If you are private sector, for...
  24. If you walk in February you're probably not high...

    If you walk in February you're probably not high risk. HMRC will be looking for big and easy targets, not people who were only in a gig 3 months. They have to build a case all for chasing a couple...
  25. Replies
    16
    Views
    854

    Are you asking about backdating salary or...

    Are you asking about backdating salary or backdating dividends?

    Backdating salary. Salary payments are supposed to be reported in real time to HMRC. You are supposed to use software to do...
  26. Replies
    31
    Views
    717

    The question is still whether there is any real...

    The question is still whether there is any real value in the company. If there are no retained funds, is there a product? If not, then the profit is coming from the personal services of the...
  27. Let me think about this for just a few seconds. ...

    Let me think about this for just a few seconds.

    Ok, I thought about it.

    You can loan £10K to YourCo, and pay yourself 3% interest for a year. You are now £300 richer and YourCo £300 poorer. ...
  28. Yes, in CEST it is overcome if you are an officer...

    Yes, in CEST it is overcome if you are an officer (director/secretary) as part of the engagement. That's the only thing that overcomes it. I expect in a tribunal that's also the only thing.
    ...
  29. Replies
    7
    Views
    377

    If you'd done this before Brexit and the collapse...

    If you'd done this before Brexit and the collapse in the pound, you'd have been a genius. If you do it now and Corbyn wins, you'll be a genius again, because the pound will probably fall a lot...
  30. Replies
    19
    Views
    1,175

    So this is a double-win for you. :banana::banana:

    So this is a double-win for you. :banana::banana:
  31. Replies
    31
    Views
    717

    Does the company have any retained funds? If...

    Does the company have any retained funds? If not, why would it be worth anything?
  32. I don't disagree at all with the final paragraph....

    I don't disagree at all with the final paragraph. But OP's question was what documentation he needs. If he has a SDS that he's outside, it really doesn't matter to him whether HMRC disagrees or...
  33. Replies
    19
    Views
    1,175

    Exactly. The question is always whether there is...

    Exactly. The question is always whether there is sufficient mutuality to constitute employment. If it drops below an irreducible minimum for employment, then there's no employment.

    If you get...
  34. Replies
    20
    Views
    1,197

    I agree with those above. A) If it helps to...

    I agree with those above.

    A) If it helps to convince a client to agree that the right of substitution exists, and so agree to an outside determination, it's useful, obviously.
    B) If your client...
  35. Replies
    19
    Views
    1,582

    Depends. If you are working for a small company,...

    Depends. If you are working for a small company, yes, it would. Under the reform coming in with larger companies, no, you'd lose the national insurance. Still might be worth doing to avoid higher...
  36. Replies
    10
    Views
    1,172

    It's a company liability. They'd have to make a...

    It's a company liability. They'd have to make a case that you were negligent in your duties as a director to come after you personally. If you have a contract review that says you are outside then...
  37. Replies
    9
    Views
    591

    Ask your accountant about the legality but I see...

    Ask your accountant about the legality but I see no issues with transferring all shares to Mrs.

    You'd pay her a salary of £8.6K (tax free, and protects against Corp Tax on any small amount she...
  38. Sterling only has a really precipitous fall if...

    Sterling only has a really precipitous fall if Corbyn wins. A hung parliament would hurt, too, but not that much. The risk, IMO, is much greater in foreign currencies. If BoJo wins a majority, his...
  39. Replies
    35
    Views
    3,464

    This might actually be one way to fight back. ...

    This might actually be one way to fight back. Different people doing that for all of these cases that they've lost. Shine the light on how much money they've spent pursuing people who've done...
  40. Seems like there's a lot of paranoia on this...

    Seems like there's a lot of paranoia on this thread.

    The client says they would accept an equally qualified substitute. The fact that it may be hard to find such a person changes nothing -- that...
  41. Replies
    33
    Views
    1,440

    We're Going After the Tax Dodgers

    Komrade Korbyn

    That's you, you know. If you think the Tories have been bad for contractors, just wait until this lot gets in.
  42. Replies
    187
    Views
    3,897

    I have a serious question. Is it really...

    I have a serious question.

    Is it really acceptable on CUK, even in general, to repeatedly go out of one's way to insult a religion and its adherents by mischaracterising its teachings in the most...
  43. As long as it doesn't truly kill you. :D Sounds...

    As long as it doesn't truly kill you. :D Sounds like you have a non-disastrous future even if contracting goes pear-shaped, so do what you want to do!
  44. Replies
    16
    Views
    1,200

    On-call work would not definitely make the...

    On-call work would not definitely make the contract inside but it's probably a danger point.

    One option would be to split it into two contracts, one for the regular work and a second for the...
  45. I'll do it for nothing. Just send me your bank...

    I'll do it for nothing. Just send me your bank log in details so I can, er, verify your income, yeah, verify your income.
  46. Replies
    187
    Views
    3,897

    Christ didn't believe in Christian nations, FWIW....

    Christ didn't believe in Christian nations, FWIW. Said his kingdom was not of this world.

    The concept of Christian nations was invented by politicians within the Church (popes, bishops,...
  47. Replies
    21
    Views
    1,407

    I doubt that is what they are trying to say. I...

    I doubt that is what they are trying to say. I suspect they are trying to say that the determination is valid and takes effect in April even if it is made before then, clients don't have to wait...
  48. Replies
    21
    Views
    1,407

    1. Ideal would be if you can get them to agree to...

    1. Ideal would be if you can get them to agree to not assess you since the role ends the end of January, and there is no legal obligation to do so.
    2. In fact, you could make the case that it is an...
  49. Contracting might go pear-shaped for the next two...

    Contracting might go pear-shaped for the next two years, most perm jobs might go to younger guys if it does, and by the time it rights itself you might be seen as too old. There's no guarantees with...
  50. Replies
    18
    Views
    812

    Depends. Lots of small business will never be...

    Depends. Lots of small business will never be large and never be close to breaching that threshold. Yes, if they are close to the threshold, no if they aren't.

    It does mean he has to learn about...
Results 1 to 50 of 499
Page 1 of 10 1 2 3 4