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  1. Replies
    10
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    2,345

    Yes, but that's a bank policy decision - nothing...

    Yes, but that's a bank policy decision - nothing to do with HMRC ( or so they'll say )
  2. Replies
    3
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    797

    Corporation Tax and Filing

    I've filed my CT600 but when I look online it's not saying that I have anything to pay.

    Any ideas how I check that it's being processed?

    I've had an email confirmation that the submission has...
  3. Replies
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    301

    Many Thanks :smile

    Many Thanks :smile
  4. Replies
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    301

    Thanks - where do I find "place of supply rules"...

    Thanks - where do I find "place of supply rules" - is that a HMRC doc?

    Dave
  5. Replies
    6
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    301

    Consultancy for USA Company

    I've been approached by a US company to provide a small piece of consultancy via telephone and email.

    I've asked about invoicing and VAT etc had had the following reply:

    "Your consulting...
  6. I'm with you on this - I supply services not time...

    I'm with you on this - I supply services not time - if it takes me 12 hours to get a thing done I bill a day, if it takes 6 hours I bill a day.

    Only if it takes 2 hours and there is nothing else...
  7. Is it a permanent role or a contract roles inside...

    Is it a permanent role or a contract roles inside IR35 - they are two different things aren't they?
  8. Replies
    15
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    1,302

    Surely VAT costs more than employers NI?

    Surely VAT costs more than employers NI?
  9. Replies
    15
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    1,302

    I was thinking more that companies might employee...

    I was thinking more that companies might employee individuals directly as employees with all the benefits that gives the employee but without the cost of VAT.

    If a company needs a PM for 12 months...
  10. Replies
    17
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    2,642

    I've been in a similar position to you when IR35...

    I've been in a similar position to you when IR35 was not an issue ( well not much ).

    I found the stress of worrying about contracts and renewals etc too much when I had a wife and two children who...
  11. Replies
    15
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    1,302

    IR35 new rules and VAT

    Surely if more contractors are pushed towards PAYE type engagements with clients, then such Fixed Term Contracts will not be subject to VAT?

    HMRC may receive more in terms of Tax and NI, but many...
  12. Replies
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    659

    In those cases the PSC is engaged with the Client...

    In those cases the PSC is engaged with the Client - is it not the case that many PSCs are engaged via a third party ( Agency ) - that being the case then would the employment rights need to be...
  13. Sticky: How will they know to put me inside? At the...

    How will they know to put me inside?

    At the moment I'm just paid on an invoice basis the same as any other supplier...
  14. Sticky: Ok, so as the client does need to determine my...

    Ok, so as the client does need to determine my IR35 status - as the yare not one of the big players - how will they know they need to do this?

    Will HMRC approach them, or should they as a business...
  15. The biggest change for me I think is that if I...

    The biggest change for me I think is that if I have a contract deemed inside - then all income go through me, whereas at the moment as my wife doesn't work I can utilise her tax allowances.

    I...
  16. Sticky: Thanks NLUK - I did think off that after I'd...

    Thanks NLUK - I did think off that after I'd posted

    I've just checked the exemption and found the following:



    Annual turnover is no more than £10.2 million
    Balance sheet total is no more...
  17. Sticky: I'm currently working for a "small" non-profit...

    I'm currently working for a "small" non-profit company through a "small" agency - I'm not sure the Agency understand the "determination" piece let alone the end-client ( I'm one of only two...
  18. Replies
    43
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    6,394

    If you are ok to work inside IR35 I presume the...

    If you are ok to work inside IR35 I presume the market will open up a bit - I'm in South Wales and there is not much going on at the moment - however I would expect more roles out of LBB, Barclaycard...
  19. Replies
    34
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    4,786

    Thanks!

    Thanks!
  20. Replies
    34
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    4,786

    Yes, total of VAT so - £100 of receipts based on...

    Yes, total of VAT so - £100 of receipts based on £500 of expenses
  21. Replies
    34
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    4,786

    I'll need to work it out first - but yes there...

    I'll need to work it out first - but yes there will be a re-payment.

    I keep all receipts anyway.

    Do I need to advise HMRC I'm leaving the FRS, or just account differently?

    BB
  22. Replies
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    4,786

    Thanks for all the responses on this. I've...

    Thanks for all the responses on this.

    I've checked and you are correct I do fall into the LCT bucket.

    That being the case, is the following true:

    I invoice £5k + vat of £1k = £6k invoice.
    ...
  23. Replies
    34
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    4,786

    No, not limited cost trader.

    No, not limited cost trader.
  24. Replies
    34
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    4,786

    Sorry meant 14.5

    Sorry meant 14.5
  25. Replies
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    4,786

    Many Thanks NorthernLad. As an aside I saw...

    Many Thanks NorthernLad.

    As an aside I saw this quote from you in that thread:

    "Just had a thought. Should the OP really still be on FRS? Many of us aren't anymore. If OP is doing his own...
  26. Replies
    34
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    4,786

    Making Tax Digital

    With the introduction of the above - does anyone know of any products that are free?

    At the moment I do all the accounts myself on excel, but from March will need to use a tool to submit - unless...
  27. Thanks Mate - Glad to see you're still about!

    Thanks Mate - Glad to see you're still about!
  28. Thanks - but I wanted a quick idea before...

    Thanks - but I wanted a quick idea before speaking to an accountant
  29. Guys - quick question as I've been out of the game for a while...

    I currently get a pension for about £8k, I'm looking to pay myself wages of about £9k and then about £30k of dividends a year.


    Am I right in saying the £8k & £9k I get £11k allowance and then...
  30. Replies
    11
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    2,518

    HMRC letter re Tax Code

    Just had a letter from HMRC saying my tax code for 2016-17 is 418L

    The detail states:

    Personal Allowance = £11k
    Less dividend tax £6816
    Total tax free amount = 4184


    Where did they get...
  31. Thread: Corp Tax Rate

    by Bluebird
    Replies
    3
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    958

    Is that 19% for 2016-17? or 2017-18?

    Is that 19% for 2016-17?


    or 2017-18?
  32. Replies
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    8,880

    What I don't get is that lloyds are saying the...

    What I don't get is that lloyds are saying the 10% cut is on the day rate to contractors - surely the 10% should be to the overall rate including the mark up?

    If LBG are controlling rates paid,...
  33. Replies
    29
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    8,880

    CMU is the cost approval board - for new roles...

    CMU is the cost approval board - for new roles you have to get approval at CMU - that covers contractors, additions to FTE as well as professional services.

    There are a couple of hiring routes for...
  34. Replies
    4
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    1,225

    Self assessment

    Do I need to use the self employed section, or is it all covered by "employment" and "dividends"
    Thanks
  35. Replies
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    1,061

    Ahhhh, thats what I thought [ although the way I...

    Ahhhh, thats what I thought [ although the way I see it, it's debt the company owes to a creditor ].

    Is that right?
  36. Replies
    4
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    1,061

    Balance Sheet - how to calculate...

    Am I right in thinking on the Credit side you have:

    Trade Debts [ ie agency owes me money ]
    Cash in Bank
    Assets values

    On the debit side you have:
    Creditors falling due [ normally HMRC +...
  37. Replies
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    7,057

    Thanks Nathan, apparently I'm on an Annual return...

    Thanks Nathan, apparently I'm on an Annual return so don't need to make one til Qtr4....

    As you say from April I'll use RTI each month when I pay salary.
  38. Replies
    48
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    7,057

    Thanks Nathan - that makes sense now of what my...

    Thanks Nathan - that makes sense now of what my accountant told me last year [ just pay £624 pcm ].

    I presume I don't make a monthly nil return, just one at the end of year?
  39. Replies
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    7,057

    yes, we already split dividends - see does most...

    yes, we already split dividends - see does most of the book work and accounts at the moment, she is a contractor herself - just hasn't had a contract for a while.

    It's the NI implications I'm...
  40. Replies
    48
    Views
    7,057

    Paying yourself and spouse wages....

    Ok, so my accountant told me last year to pay myself something like £624 PCM, then that would avoind any NI contributions and and Income tax.

    This year I was thinking of doing the same, but also...
  41. yes, but on the annual accounts where is it shown...

    yes, but on the annual accounts where is it shown ?

    is it counted as turnover as it's income of a sort, even though it's not invoiced?
  42. Profit from Flat Rate VAT - does this count as turnover in annual accounts?

    Can't remember...
  43. Replies
    15
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    2,286

    yes, when I was with Hays & Reed [ only about 6...

    yes, when I was with Hays & Reed [ only about 6 months ago ] it was invoice Friday, paid the following Friday.
  44. Replies
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    2,286

    Sandersons

    Sandersons
  45. Replies
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    2,286

    Thats what I want to fnd out. If in the past...

    Thats what I want to fnd out.

    If in the past LBG have paid agency X on a weekly basis and then paid me weekly then thats fine.

    If LBG now pay agency Y on a monthly basis, I can understand...
  46. Replies
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    2,286

    LBG Payment Terms

    anybody know if LBG have changed payment terms?

    I worked through them 3 times and always been paid weekly via the agency, new agency for my 4th stint and they only pay monthly nearly 3 weeks...
  47. Weekly Payment from UC, but Monthly paid by Agency

    Hi, are there any Umbrella Cos that effectively "pay in advance"?

    I've got a contract starting 1st Oct, and the first pay date will be on or around the 17th of November - I can't wait that long...
  48. Thread: LBG Roles

    by Bluebird
    Replies
    11
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    3,225

    LBG Roles

    Anybody applied recently?

    I've done three stints with LBG in the past and always had extensions, this time I've applied for about 6 different roles and not even a sniff.

    The agents don't get...
  49. Thread: Laptop Help

    by Bluebird
    Replies
    2
    Views
    902

    Laptop Help

    Folks, got a fairly new laptop and it was fine yesterday.

    Today when I boot up it just comes up with a black screen and a cursor.

    If I go into "safemode" it boots up fine - is there anyway to...
  50. Replies
    6
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    3,042

    Lloyds Banking Group - Process and Issues

    Ok, so I am currently on my 3rd stink with LBG, however the role is not that good, nor is the location - the work is not really what I was led to believe it would be.

    A better role has come up...
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