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 7 minute(s) ago.

  1. Replies
    10
    Views
    532

    Well, if all anyone wants is trackers (passive...

    Well, if all anyone wants is trackers (passive investing), it's not bad. There are trackers and there are trackers, but most in general a FTSE-100 tracker from Vanguard is as good as one from...
  2. Are you telling me that all these women who have...

    Are you telling me that all these women who have been saying for so many years how much they like mine were lying? :eek
  3. And, question 2. If the client weren't going to...

    And, question 2. If the client weren't going to give an SDS, why would you not extend, however long you've been there? Not sure I understand the question.

    The risk of staying comes from the...
  4. Other targets (IMO only): 1. Large clients who...

    Other targets (IMO only):
    1. Large clients who are offering lots of outside determinations. Because the proceeds will be hefty and the deterrent factor will be significant.
    1. A. Large clients who...
  5. No one knows. I think it probably doesn't...

    No one knows. I think it probably doesn't increase your risk. The one argument to the contrary is that if you accept an extension, even for one month, after they've issued an SDS, HMRC could then...
  6. I always have concurrent contracts running so am...

    I always have concurrent contracts running so am always on an hourly rate. Hourly or daily, what's it matter? I also use a retainer system.

    There can be many factors in a contract that put you...
  7. I see companies rethinking their PSC bans...

    I see companies rethinking their PSC bans eventually anyway. Maybe not all of them but they are going to need resources for projects which they can't staff in-house, and the time will come when...
  8. Replies
    16
    Views
    623

    Send this to the House of Lords as an example of...

    Send this to the House of Lords as an example of the kind of bottom-feeders this 'reform' is empowering. There will be people who will fall for this out of fear of what the Treasury is doing, and...
  9. I actually might....

    I actually might....
  10. Replies
    57
    Views
    2,963

    I'm always right.

    I'm always right.
  11. Replies
    10
    Views
    532

    It appears to me that you cannot invest in...

    It appears to me that you cannot invest in individual shares, investment trusts, or non-Vanguard funds, within either their SIPP or their ISA. Is that correct?
  12. Replies
    4
    Views
    266

    Doesn't his first paragraph answer this?

    Doesn't his first paragraph answer this?
  13. Was this expert an international tax expert, or...

    Was this expert an international tax expert, or an IR35 expert, or an employment law expert?

    The last sentence makes me doubt that he's an international tax expert. If you are living and working...
  14. Replies
    57
    Views
    2,963

    I now anticipate this thread going completely...

    I now anticipate this thread going completely pear-shaped.
  15. Replies
    57
    Views
    2,963

    Nice try, but that's only one fact, and NLUK...

    Nice try, but that's only one fact, and NLUK dumped loads of them on us. His might not have been as important or relevant as the facts in my earlier comment, but we can't deny that he did bring the...
  16. If the client is intending to rely on that with...

    If the client is intending to rely on that with HMRC, they have a nice surprise coming.

    The liability to HMRC rests with the client / fee-payer, and no contractual provision can override that. ...
  17. Replies
    7
    Views
    221

    This. Anything else is going to just end up in...

    This. Anything else is going to just end up in pain.

    Your agency probably can't release you even if they wanted to (they don't) because their contract with the other agency probably doesn't allow...
  18. Replies
    4
    Views
    291

    It is definitely good to have a new contract. ...

    It is definitely good to have a new contract. That helps demonstrate lack of SDC, they couldn't move you to this new task without a new contract. That's a win for both the new contract and your...
  19. This. The contractor has already paid...

    This.

    The contractor has already paid corporation tax and dividend tax and is unable to reclaim them, at least in full. So there's no scenario in which it would be just or appropriate for him...
  20. Replies
    5
    Views
    482

    This goes back and forth. If you paid yourself a...

    This goes back and forth. If you paid yourself a £4K dividend, would you get 2K at 0% (the first 2K) and 2K taxed at 32.5% (the last 2K)? Or would you get 2K at 7.5% and 2K taxed at 0%?

    If I...
  21. It is hard for me to see in what way the client...

    It is hard for me to see in what way the client could get in trouble. They've entered into a business-to-business relationship with a company that happens to be in the UK, but they have no presence...
  22. I've yet to be convinced that the current lot can...

    I've yet to be convinced that the current lot can even manage a budget in a few weeks time. But if they do, not sure they'll manage anything new. Expect a consultation to be announced and nuke it...
  23. Replies
    57
    Views
    2,963

    To be fair, this is now the most factually...

    To be fair, this is now the most factually correct post on this thread so far. But I had a nice run going there for a while.
  24. Replies
    21
    Views
    1,685

    No, this is a bad assumption. If you were...

    No, this is a bad assumption. If you were inside, YourLtdCo should have been operating PAYE taxes and sending them to HMRC. If YourLtdCo didn't do that, YourLtdCo owes HMRC money.

    So HMRC won't...
  25. This, in spades. If they start talking about...

    This, in spades. If they start talking about risk counter with how much risk they are asking you to take if they insist on inside, and you can't do that.

    Also, risk can be mitigated. I believe...
  26. Replies
    2
    Views
    243

    I don't see how HMRC is going to connect the dots...

    I don't see how HMRC is going to connect the dots between role one and role two. You were a contractor working through an agency for a client (the consultancy). HMRC will know you were working...
  27. I still think their first target will be clients...

    I still think their first target will be clients who give outside determinations.

    Simple maths. How much money comes in if they manage to win a case against a contractor who was outside at...
  28. Replies
    10
    Views
    510

    Sounds like a formula to turn one insane. In...

    Sounds like a formula to turn one insane.

    In brief, there's no absolutely no reason to form a Ltd if you are going to be inside. There might be reasons for someone who already has a Ltd to keep...
  29. With HMRC (or government in general) never...

    With HMRC (or government in general) never conflate intent with result. 'Tis almost a requirement of the laws of nature that these things will differ when government acts, and especially when tax...
  30. IR35 does not apply. If this contract is...

    IR35 does not apply.

    If this contract is likely to last long, you should give some serious consideration as to whether or not you would be outside if you did form a limited company. If you...
  31. Replies
    57
    Views
    2,963

    For me, at least three times as much as you,...

    For me, at least three times as much as you, because I'm worth at least three of you. :p
  32. Replies
    21
    Views
    1,685

    My view, FWIW, is they will want to spend...

    My view, FWIW, is they will want to spend resource targeting clients who give outside determinations. Why? Human nature.

    Right now, most clients are doing what they want, but not all. That...
  33. Let us know how it goes. Don't be surprised if...

    Let us know how it goes.

    Don't be surprised if an updated SDS comes through before April anyway.
  34. Replies
    21
    Views
    1,685

    Been paying attention over the last 20 years? ...

    Been paying attention over the last 20 years? They pursue a lot of cases they lose. It's called 'deterrent.' If they drag clients through lengthy and expensive cases it scares clients off of...
  35. Replies
    47
    Views
    1,446

    Honestly, mate, I've stayed out but this is...

    Honestly, mate, I've stayed out but this is staggering.

    Your contractor friend is not the only one out there, you know. If you don't recommend anyone, as your contract says, then the client goes...
  36. Replies
    10
    Views
    614

    It's probably not all the client needs to give...

    It's probably not all the client needs to give the determination. It's probably Legal saying, "Get this to cover our backside or we're not going to allow this outside determination."

    I'm...
  37. If I had to pay £86 for insurance for a client to...

    If I had to pay £86 for insurance for a client to convince them to give me an outside determination, I think I'd probably find the money....
  38. Replies
    7
    Views
    295

    OMB Limited is already taken, sorry.

    OMB Limited is already taken, sorry.
  39. Replies
    21
    Views
    1,685

    I agree with this.

    I agree with this.
  40. Replies
    21
    Views
    1,685

    Definitely want a new role / title. Definitely...

    Definitely want a new role / title. Definitely want a new contract and want to make all discussions of "extending" go away. "I am willing to enter into a new contract but not extend this one, since...
  41. Well, if you mean people like him give them extra...

    Well, if you mean people like him give them extra cover to do what they would have done anyway, that's fair enough. But we'd be here even if there weren't people like him. They would (and have)...
  42. Do you expect to be there long? If they get in...

    Do you expect to be there long? If they get in trouble for this in June, and change the determination going forward, are you happy to walk away because you were leaving in July or August anyway? Or...
  43. Sorry, that's not true. HMRC is going after all...

    Sorry, that's not true. HMRC is going after all of us, because they want more money. Even if we all moved on every three months, they'd be doing the same.

    (I might agree with other things you...
  44. Replies
    10
    Views
    614

    You keep taking this line but it's wrong. It...

    You keep taking this line but it's wrong.

    It was right in the old world when YOU made the determination, and when you might actually want a substitute. In that old world, the problem of...
  45. I must disagree. Anything that has a chance to...

    I must disagree. Anything that has a chance to inflate my ego is not pointless.

    Valueless, perhaps, but those are different thing. :p
  46. The purpose is not to determine whether an...

    The purpose is not to determine whether an individual is an employee, that's just the wheeze they use. The purpose is to raise more tax.

    It has an effect because of the tax imbalance between...
  47. Different question. That was whether you could...

    Different question. That was whether you could pay the same dividend to two different shareholders with different dates for the dividend. The answer was no.

    OP is asking if he can decide now...
  48. It depends on your risk appetite. HMRC would...

    It depends on your risk appetite.

    HMRC would ask, "What changed?" If nothing changed, you'll have a tough time. That said, I did one project as a permie back in the day that could have easily...
  49. I presume your accountant told you that you are...

    I presume your accountant told you that you are an idiot if you think this would work, and that if you keep asking these kinds of questions he'll drop you.

    My second opinion is that your...
  50. This appears to be a concession to his other...

    This appears to be a concession to his other point, that you are a bell-end. :p
Results 1 to 50 of 500
Page 1 of 10 1 2 3 4