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  1. Replies
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    1,569

    Did you pay CT last year? If so, there's a way...

    Did you pay CT last year? If so, there's a way you can get some of it back.

    If not, do you think you might pay CT next year? If so, there's a way you can reduce it.

    But it depends on what you...
  2. Could be a great time to buy a house. Buy low,...

    Could be a great time to buy a house.

    Buy low, sell high.
  3. If you are giving us the whole story, your...

    If you are giving us the whole story, your accountant is almost certainly incorrect. There may be a risk of it triggering an investigation but that also seems doubtful. You certainly can make...
  4. I agree. Do what needs to be done, let your...

    I agree. Do what needs to be done, let your accountant figure out what you need to do to clean it up. Make sure you have a clear paper trail, especially from the council.

    If HMRC ever tries to...
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    305

    What both of them said, but it is possible that...

    What both of them said, but it is possible that leaving the EU may result in modifications of some of the DTTs in the future, if it results in significantly different approaches to taxation. Seems...
  6. Replies
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    1,935

    If only your clients were smart enough to hold...

    If only your clients were smart enough to hold two thoughts in their mind at once, you could offer them an "easiest" option that costs £50 and a "cheapest" option that saves them £50 but makes them...
  7. Replies
    19
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    1,935

    Indeed. But accountants really are supposed to...

    Indeed. But accountants really are supposed to get the pennies right, so to say something is optimum when it isn't is not great advertising.

    For me it's obvious which way to go because I have...
  8. Replies
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    4,740

    You are forgetting two things: HMRC's view about...

    You are forgetting two things: HMRC's view about PSC bans, and that the banks are tired of being political targets.

    HMRC's view is that those who instituted PSC bans did so because that fit the...
  9. Replies
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    1,837

    Risk/benefit analysis. What's the risk of...

    Risk/benefit analysis.

    What's the risk of losing if investigated? Probably very high. If investigated, they will find out about the inside determination and use it against you and you'll likely...
  10. Who sez I'm cracking at the seams, you plonker! ...

    Who sez I'm cracking at the seams, you plonker! JB, now, he's always been half nuts.

    And maybe I don't post on some threads because I'm lazy. :p
  11. Replies
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    1,935

    They are mostly wrong. If you pay the...

    They are mostly wrong.

    If you pay the additional £740 to get to £9500, you pay 13.8% employer NI but save 19% Corporation Tax. It means you pay a little more tax personally but your company will...
  12. This almost made me feel bad for calling them...

    This almost made me feel bad for calling them stupid the other day.

    I got over it.
  13. Ok. Stupid inside-IR35 contractor has a fee of...

    Can you demonstrate that in numbers?[/QUOTE]
    Ok. Stupid inside-IR35 contractor has a fee of 400 / day, £2K a week, 46 weeks, makes 92K even though he doesn't get employment rights. Equivalent...
  14. That 10% uplift is going to have to pay a lot of...

    That 10% uplift is going to have to pay a lot of civil claims. See you in court.
  15. NLUK is right. You are much more vulnerable as a...

    NLUK is right. You are much more vulnerable as a result of what's happened. An agency swap helps. But you really, really need to get your company closed.

    HMRC needs to do something with their...
  16. Replies
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    1,935

    If your spouse is a director and taking a salary,...

    If your spouse is a director and taking a salary, and so you are using Employment Allowance, £9500 a year means no tax liability.

    Unless you have other employees which are using up the employment...
  17. So the Chinese blaming the Americans, and the...

    So the Chinese blaming the Americans, and the people saying it was a leak from a biological warfare institution in China, and the Palestinians blaming the Israelis and vice versa, are all wrong?
    ...
  18. Replies
    8
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    588

    HMRC guidance...

    HMRC guidance just says "income" which would include dividends.

    This discussion appears to just assume that dividends are included, since it talks about the interrelation between the dividend...
  19. Very, very interesting. A lot of harm has been...

    Very, very interesting. A lot of harm has been done and won't be undone.

    But some clients will probably roll back some of their decisions at least for their current projects.

    And at least...
  20. Replies
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    2,430

    You had a contract review stating outside and you...

    You had a contract review stating outside and you appealed the determination. That shows you had legitimate reason for believing you were outside, YOUR contract showed it, you appealed showing you...
  21. The question is not whether the contractor gets a...

    The question is not whether the contractor gets a difference in take home pay, or even whether it is significant. Nor is the question really whether the employee or contractor pays more tax. The...
  22. Can we agree that the context of the present...

    Can we agree that the context of the present debate is whether IR35 is an excessive, unfair, even punitive solution to the problem?

    If that's the context, then the only comparison that matters...
  23. Replies
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    I did it. I contacted a guy who had been a perm...

    I did it. I contacted a guy who had been a perm with the client and retired a couple months previously. Ok, it was 3 days. Doesn't matter, it could have been one day. I paid him. By the CEST...
  24. Replies
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    519

    I know nothing about their integration project,...

    I know nothing about their integration project, but anyone who makes CA sound like they are lacking is probably correct and providing a good service.
  25. I get that. Doesn't change my point. I'm not...

    I get that. Doesn't change my point. I'm not advocating the FLC, I thought it was a stupid idea. HMRC was never going to go for it because it was optional.

    Human nature says that if you make...
  26. It's not hard. Calculate the take home pay of...

    It's not hard. Calculate the take home pay of someone on £110K and the take home pay of someone on £120K. It's only £3,800 difference, and that's not counting the ER NI that would be due if it were...
  27. You do realise the logical flaw in saying that...

    You do realise the logical flaw in saying that because someone adopted certain policies based on a principle, that the principle itself is invalid?

    IPSE might have been saying, "You might get...
  28. Replies
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    519

    Xero has a list, too. Transferwise still works.

    Xero has a list, too.

    Transferwise still works.
  29. You're bandying words but accomplishing nothing....

    You're bandying words but accomplishing nothing.

    The person who earns £100,100 pays £60 more than the person earning £100,000, correct? So your extra £100 in income buys you an extra £60 tax...
  30. Sorry, but what you said here was idiocy. ...

    Sorry, but what you said here was idiocy.

    There's a reason for contractors to be paid more than for being permanent, and reasons why not all of that extra should be taxed. And if you call it tax...
  31. Replies
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    2,868

    If this is part of a campaign to target those...

    If this is part of a campaign to target those who've gone from outside to inside (or outside to brolly, or outside to perm), the first target is likely public sector people. The clock is running, if...
  32. Replies
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    2,868

    A pension contribution is exempt from IR35...

    A pension contribution is exempt from IR35 liabilities in the year in which it is made. It won't help with prior years. Anyone who thinks they can reduce their IR35 hit from prior years by making...
  33. Replies
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    Since when did bricks become equipment? :D

    Since when did bricks become equipment? :D
  34. Replies
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    1,488

    Which is irrelevant to the question. Didn't they...

    Which is irrelevant to the question. Didn't they just change the rules a few years ago and before that, you could claim expenses even when you were inside IR35?
  35. If you don't wish, or lack the capacity, to...

    If you don't wish, or lack the capacity, to engage your intellect enough to understand the issue, you should at least refrain from accusations of evasion, which is a criminal offence.
  36. Not the way I read it. Maybe he'll clarify. I...

    Not the way I read it. Maybe he'll clarify. I read it as the client was involved and it could change things. That sounds prospective.
  37. Yes and no. I was talking about the...

    Yes and no.

    I was talking about the cash-in-lieu compensation for employment rights. That's the top slice of a contractor's income.

    If he would get £100K as an employee and £120K as a...
  38. Better buy for NLUK instead, he had to admit I...

    Better buy for NLUK instead, he had to admit I gave good advice and is probably still in pain from it. :D

    Ok, pretty clear you've decided, just recognise the risk is a very expensive one if it...
  39. I beg to differ. IR35 is punitive, and unfair. ...

    I beg to differ. IR35 is punitive, and unfair. We receive cash in lieu of employment rights. Employees receive employment rights tax-free. IR35 forces us to pay punitive tax on the cash-in-lieu. ...
  40. He legitimately thought he was outside and has a...

    He legitimately thought he was outside and has a QDOS review to back that claim.

    Client disagrees. So he goes umbrella and closes his company. If HMRC starts an investigation and stops him...
  41. Replies
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    1,488

    Only the last few years have expenses been...

    Only the last few years have expenses been excluded, isn't it?

    Didn't you used to get expenses inside IR35?
  42. Replies
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    Oh, I also use CEST for non-UK clients, always. ...

    Oh, I also use CEST for non-UK clients, always. I don't bother to ask the clients to do it, though. I do it myself based on the terms of the contract. If the contract states something, I work...
  43. Replies
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    504

    Agree with everything JB said (PI insurance,...

    Agree with everything JB said (PI insurance, etc). It would help if you could provide the contract under UK law, that would both save on PI AND be an outside pointer -- US companies don't sign UK...
  44. The guy with the loaded shotgun may not play by...

    The guy with the loaded shotgun may not play by the rules but if he's telling the other guy to play by then and the other guy refuses, he's a fool.
  45. OP, despite the great certainty with which people...

    OP, despite the great certainty with which people declare things here, no one actually knows what HMRC will do, and when. But I'll give you my opinion, FWiW.

    I think if investigated for...
  46. FTFY. Eventually a two-tier market will...

    FTFY.

    Eventually a two-tier market will develop. Supply and demand always wins. There will be an excess of supply for the outside jobs, which means clients will be able to get a much better...
  47. Replies
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    Oh, and a word of advice, never ask what's the...

    Oh, and a word of advice, never ask what's the worst that can happen and then say "Come at me."
  48. Replies
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    The HMRC inspector that comes after you sits...

    The HMRC inspector that comes after you sits across the table from you and sneezes all over you, you get coronavirus, and after infecting everyone you care about you survive, but everyone you know...
  49. Replies
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    Not sure why you think the reasoning is weak: ...

    Not sure why you think the reasoning is weak:

    Not controlled in "how" you do the work is a strong outside pointer.

    These may not be strong indicators on their own, but in support of the lack of...
  50. Replies
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    Also, Advanced Assurance: Research and...

    Also, Advanced Assurance:
    Research and Development tax relief: Advance Assurance - GOV.UK

    This is not focused on software but is helpful:...
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