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  1. Replies
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    Certainly seems like nothing is happening at HMRC...

    Certainly seems like nothing is happening at HMRC with regards to settlement.

    I've not been able to get a response out of them since July, when they sent me a CLSO2 offer that was incorrect and to...
  2. Replies
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    Jus out of interest, would MVL Online be able to...

    Jus out of interest, would MVL Online be able to work with a situation where there was a directors loan but no s455 involved? So, a more recent loan that had been taken and that could be 'repaid'...
  3. Replies
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    1,592

    How about MVL and into Umbrella whilst still at...

    How about MVL and into Umbrella whilst still at the same client?
  4. Don't be so gullible (unless your post is...

    Don't be so gullible (unless your post is intentionally sarcastic, in which case I apologise).

    Read up on what Labour are actually planning. It will soon become clear that IR35 will become...
  5. Accruals basis if in a Ltd co. I have a good...

    Accruals basis if in a Ltd co.

    I have a good IT/Property accountant if you need one... sounds like you do :smile
  6. Yep. Shamefully it's about as much good as their...

    Yep. Shamefully it's about as much good as their first review into the Loan Charge.

    Too late and way too little to win votes.
  7. That's pretty standard TBH, with any tax return.

    That's pretty standard TBH, with any tax return.
  8. Replies
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    2,310

    HP OfficeJet Pro 9010 All-in-One Wireless Inkjet...

    HP OfficeJet Pro 9010 All-in-One Wireless Inkjet Printer | Ebuyer.com

    Found a bargain : HP 9010 , all the features I need, £99 with £70 cashback :D
  9. Doesn't it ….?

    Doesn't it ….?
  10. Thread: New CEST

    by ChimpMaster
    Replies
    34
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    3,494

    I tried this out with a few scenarios. The Sub...

    I tried this out with a few scenarios.

    The Sub one is obviously outside IR35.

    Then I chose No Sub + Client can reject Sub. I went through the rest of the questions in a solid out-of-IR35 way...
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    Problem is, MVL takes several months and you...

    Problem is, MVL takes several months and you would be unlikely to complete this before April.

    Anyway, Tories have said they will 'review' ER and make the criteria stricter. This isn't an instant...
  12. Replies
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    831

    Tories plan to review/overhaul ER

    I don't like the sound of this. I wonder what the Tories are planning, and for when.

    Boris Johnson’s manifesto is designed to win Tories a majority – here’s how – The Sun
    Another manifesto...
  13. I am wondering the same thing. I cannot afford...

    I am wondering the same thing.

    I cannot afford the LC payment on 31/01. I'm living daily on a red line, thinking what will happen if I put the loans as income.

    HMRC aren't answering any...
  14. Replies
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    100% it is worth it! Even if you sub someone in...

    100% it is worth it! Even if you sub someone in for a day, it proves that you CAN do it under this contract. This is as close to a silver bullet for IR35 as you're going to get.

    BUT it has to be...
  15. Replies
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    This harks back to the other post I made, about...

    This harks back to the other post I made, about the government not realising/caring that they are destroying not only contracting but the whole economy built around it. These expenses that we incur...
  16. Replies
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    1,363

    Personally I would not feel comfortable switching...

    Personally I would not feel comfortable switching to a brolly and staying at the same client. It just looks too obvious a move and HMRC will no doubt view the ER claim with suspicion.

    If the...
  17. "20% of UK businesses would rather axe their contractors than deal with IR35"

    20% of UK businesses would rather axe their contractors than deal with IR35 – survey • The Register

    The figure will be far higher than 20% when businesses finally get round to it.
  18. Replies
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    700

    Why would anyone want to buy it?

    Why would anyone want to buy it?
  19. Accountants “losing clients” as contractors opt...

    Accountants “losing clients” as contractors opt for PAYE to avoid IR35 pitfalls

    It's becoming news now.

    But will the government listen? Of course not.
  20. Replies
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    GW, On the SATR, loans need to be entered as...

    GW,

    On the SATR, loans need to be entered as income for the 18/19 year, which means that we will have an instant tax liability that needs to be paid by 31/01. This of course will be impossible for...
  21. Replies
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    The usual financial-right-wing YouTube media....

    The usual financial-right-wing YouTube media. They've been spouting the same nonsense for months.

    If DB goes under, so does Europe and much of the western world. Lehman was nothing compared to DB....
  22. Replies
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    Like I said above: I guess what I'm trying to...

    Like I said above:

    I guess what I'm trying to say is: don't fret too much about the contractual clause on RoS (but obv. have a good one), and instead try and actually get a sub in, even for a very...
  23. Higher rate tax payers get £500 interest, tax...

    Higher rate tax payers get £500 interest, tax free.

    The (ever convoluted) rules are that when the company pays interest to you, it has to deduct 20% tax at source and pay it to HMRC. You will...
  24. Replies
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    Of course, RoS in a contract is good and...

    Of course, RoS in a contract is good and necessary, but working practises trump the contract so long as you can prove them. Now I thought I had a good RoS clause in my contract, until QDos told me to...
  25. Replies
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    So you're not intending to declare your loans on...

    So you're not intending to declare your loans on your tax return? You know this classes as evasion, right?

    Perhaps you're part of a litigation against HMRC but I can't see how that would allow you...
  26. Replies
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    5,638

    Of course the LC applies to everyone with "open...

    Of course the LC applies to everyone with "open loans" - in HMRC's distorted opinion. There is no way for us to defend against this position that HMRC have fabricated.

    We were told that the LC...
  27. Replies
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    5,638

    It has been updated, yesterday. HMRC are...

    It has been updated, yesterday.

    HMRC are trying to remove our option to settle. They want everyone to pay the LC, because that way they have to put zero effort in and will simply sit back and...
  28. Replies
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    5,638

    I note that the information sheet at HMRC has...

    I note that the information sheet at HMRC has been updated:-
    ...
  29. Replies
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    There will be a correction very soon. Take...

    There will be a correction very soon.

    Take cover in the next few days.
  30. Replies
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    I'm at this point now. I've had enough of...

    I'm at this point now.

    I've had enough of being vilified, picked on, marginalised and made to feel guilty because I don't fit HMRC's narrative of a good "customer". I work my balls off and pay...
  31. Wow that is quite some statement. You do...

    Wow that is quite some statement.

    You do realise that you'll be out of a job within weeks of Labour winning the election? And because you're "rich" (in terms of McDonnellomics) you will be taxed...
  32. Replies
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    7,634

    You're young, no doubt naïve, which fortunately...

    You're young, no doubt naïve, which fortunately for you shields you from the reality of the future that has just been taken from you by HMRC.

    In a way, I envy you. You have less of a future but...
  33. I disagree with this statement. We're seeing...

    I disagree with this statement.

    We're seeing swaths of large corporations simply looking to rid themselves of the IR35 plague that the government has created. These corporations aren't looking at...
  34. Replies
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    Yes. As much as every other person on this...

    Yes.

    As much as every other person on this forum and as much as anyone else who works hard, owns a house, invests for their old age, educates their children to be good for the world and doesn't...
  35. My accountants are suffering due ot the April 2020 reforms

    Just been on the phone to my accountant. It's a small firm, just 2 chartered accountants and a team of assistants. These guys are very good at what they do and I have been with them for a very long...
  36. Replies
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    Well according to the clowns Korbyn and...

    Well according to the clowns Korbyn and McDonnell, anyone who works hard and wants to make a better life is wrong and needs to be punished.

    Of course, to save face they are saying they will only...
  37. Your innocence and naivety are refreshing as much...

    Your innocence and naivety are refreshing as much as they are dangerous and frustrating.

    Just speak to anyone involved in the Loan Charge debacle and you will realise how underhand, devious and...
  38. Replies
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    I'm not sure this is correct, but I must admit...

    I'm not sure this is correct, but I must admit these are very confusing times.

    As yet there has not been any official or even semi-official communication to indicate that the IR35 reforms will be...
  39. Replies
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    2,620

    Nope. It used to be that the entire Gain was...

    Nope. It used to be that the entire Gain was charged at only your marginal rate of tax, but a few years ago HMRC changed it so that you add it to your total income for that FY and then pay either 10%...
  40. Replies
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    If Government/HMRC want to get of ER then it will...

    If Government/HMRC want to get of ER then it will become effective immediately so as to prevent anyone taking advantage (in their eyes) of ER.

    In any case, the upshot is that you will probably...
  41. Replies
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    The end of ER?

    Entrepreneurs' tax break fails to boost investment, finds IFS | Politics | The Guardian

    Could be the usual 'leak' from government to prepare everyone for a big change to ER in the upcoming budget.
  42. Replies
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    Really? I mentioned his name and was offered...

    Really?

    I mentioned his name and was offered complete immunity from IR35, or least a very frank comment on CUK each time I was to post a stupid question about it.



    (why are we not in General...
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    The part in bold is complete and utter cr@p. ...

    The part in bold is complete and utter cr@p.

    But it won't stop medium/large corporations from moving to the offshore/onshore Indian model, because the number crunchers simply see £££savings and...
  44. Replies
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    No problem, so long as the loan is repaid or...

    No problem, so long as the loan is repaid or written off before you start the liquidation process.
  45. Replies
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    10,950

    I am planning to do the same too - there is no...

    I am planning to do the same too - there is no point working under constant stress and attack from our own government. Their policies have fried my brain.

    it beggars belief that the government...
  46. Thread: Which VPN?

    by ChimpMaster
    Replies
    0
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    539

    deleted

    deleted
  47. Replies
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    Woah, be careful there. YOU need to understand...

    Woah, be careful there. YOU need to understand what you are doing because ultimately YOU are responsible, not your accountants. My advice would be to keep to one accountant - an accountant that is...
  48. Replies
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    No limit that I am aware of but make sure you...

    No limit that I am aware of but make sure you have enough in the IT company to cover outgoings and taxes.

    I made sure I was majority shareholder in both companies too.

    Note that an outstanding...
  49. Contracting is ruined. I can't believe you're...

    Contracting is ruined. I can't believe you're thinking of getting into this now. At £90k a year I wouldn't go contracting for less than ~£1k/day and even then I would question the merits.
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    I have done this. It's common and easy...

    I have done this.

    It's common and easy enough, but make sure you have an accountant that knows what he is doing.

    You don't need to charge interest.

    You don't need to make (regular)...
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