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  1. Thread: SC Cleared?

    by malvolio
    Replies
    10
    Views
    332

    It is, possibly on purpose. Nobody wants to make...

    It is, possibly on purpose. Nobody wants to make it too easy to game the system, after all. It may be 7 years, it is usually 5 or 10, it all depends on the vetting agency and the requirement of the...
  2. Thread: SC Cleared?

    by malvolio
    Replies
    10
    Views
    332

    And once again let us remind you that you don't...

    And once again let us remind you that you don't hold security clearance, the role does. In effect you are allowed to perform the role since you are judged not to be at risk of divulging its secrets....
  3. Replies
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    1,321

    In a word - probably... At least you...

    In a word - probably...

    At least you understand IR35 and SoW contracts :wink
  4. Replies
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    562

    You pay dividends out in whatever ratio you want...

    You pay dividends out in whatever ratio you want to apply from that point on. On your annual Companies House return you update the shareholding record (or do it immediately if you want). Works in...
  5. Replies
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    562

    OK, but ask one who properly understands Arctic...

    OK, but ask one who properly understands Arctic and its implications. And think about why you would need flexibility - you can, if necessary (and I struggle to see why in your position), change the...
  6. Replies
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    717

    Why not a direct outside IR35 contract with your...

    Why not a direct outside IR35 contract with your end client? After all, if you are there to deliver a key part of a specific project, ,there's no way you can be inside IR35 given a proper B2B...
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    562

    Go back to the Arctic case. In essence you don't...

    Go back to the Arctic case. In essence you don't need to faff around with classes of shares; the whole point is that you and your wife share the risks as well as the benefits, so a basic share split...
  8. Replies
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    1,080

    I read that twice before posting it and still...

    I read that twice before posting it and still missed that I'd crossed the two. Given I'm basically an architect its a little annoying...

    But then i am very old and was probably verra verra...
  9. Replies
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    1,080

    Ermm... Quite possibly... :bang:

    Ermm... Quite possibly... :bang:
  10. Replies
    25
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    1,080

    With one very important caveat. The role must be...

    With one very important caveat. The role must be advertised and accepted at the gross rate to the contractor, i.e. this is what you get less Employer NICs and PAYE only. Employee NICs and Apprentice...
  11. Replies
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    1,080

    "Use theirs" is what he meant...

    "Use theirs" is what he meant...
  12. Replies
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    2,316

    They don't have to. Agencies are already doing...

    They don't have to. Agencies are already doing that for them. What needs to happen is for clients to understand what it is they actually require and for agencies to understand that the clients need a...
  13. Replies
    36
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    2,316

    The solution - widely understood on our side of...

    The solution - widely understood on our side of the fence - is for clients to take on resources to deliver specifc solutions, not general purpose dogsbodies for a period of time to do whaytever...
  14. Replies
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    337

    Take a look at Key Man insurace, which is for...

    Take a look at Key Man insurace, which is for officers of companies rather than real people but has the same effect.

    Agree with GoT, the IPSE version is among the best options
  15. It's bollocks. Walk - or preferably run - away.

    It's bollocks. Walk - or preferably run - away.
  16. Also, you paying the Employers NICs (and...

    Also, you paying the Employers NICs (and Apprentice Levy) is illegal under the new rules. You are supposed to be being paid your agreed rate less whatever PAYE is appropriate and Employee NICs.
    ...
  17. Thread: IR35 Myths

    by malvolio
    Replies
    48
    Views
    12,282

    Sticky: Really? Right now, inside IR35 you get 5%...

    Really? Right now, inside IR35 you get 5% expenses allowance. 100-5 is 95, as i recall.

    New regs you dont get even that.
  18. Thread: IR35 Myths

    by malvolio
    Replies
    48
    Views
    12,282

    Sticky: And, just to add, I did say 75% or so of gross...

    And, just to add, I did say 75% or so of gross via Ltd against 60% of 95% of gross inside IR35 via Ltd and no expenses agaisnt about 50% inside via Umbrella or PAYE under the new rules - which are...
  19. Thread: IR35 Myths

    by malvolio
    Replies
    48
    Views
    12,282

    Sticky: Quite a lot. Scary that you don't know the...

    Quite a lot. Scary that you don't know the answers. Anyway...

    Ltd Co outside IR35 you are paid a lump of money into the company which you, as a director of that company, ban pay out in the most...
  20. Except it makes no sense. How can you have a...

    Except it makes no sense. How can you have a contract with a legal entity that no longer exists...?
  21. Blanket Determinations are illegal, they have to...

    Blanket Determinations are illegal, they have to be against an individual and a role.

    The determination is the client's responsibility, not yours. On that basis, they should pick up the bill,...
  22. That's what it says. Fascinating though -...

    That's what it says. Fascinating though - obviously they want the cover to be for the primary fee earning entity and not using a dormant/idle/non-trading/pretend company to hold insurance for other...
  23. Well that's going well. Best estimates put it...

    Well that's going well. Best estimates put it that overall tax income will go down by about £2.5bn a year as a result of these changes....
  24. Hmmm.... Have you been talking to JtB? And if...

    Hmmm.... Have you been talking to JtB?

    And if your "client" has decided not to use PSC contractors for their own reasons and so hasn't made a determination of any kind...?

    And your basic...
  25. Replies
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    Actually I come from a 20+ year business...

    Actually I come from a 20+ year business consultancy background with the occasional foray into big project delivery. Agile has little place in my world, and where it is used by teams subordinate to...
  26. Rather depends what your day rate is.. About...

    Rather depends what your day rate is..

    About 35% seems to be the average plus any expenses you will be losing. But since most clients seem to be cutting rates to recover the ErNICs i wish you...
  27. No, but they have a very close association with...

    No, but they have a very close association with one. QDOS Accounting offer a range of services, including one that uses YourCo...

    Then again go far enough up the tree and you end up with
    a...
  28. Pointless, really, but basically not a problem....

    Pointless, really, but basically not a problem. IPSE membership is not necessary unless you have a business to protect and other than CT is a perfectly acceptable cost that is not a BIK. So either...
  29. Nonsense. It's better to keep quiet and be...

    Nonsense.

    It's better to keep quiet and be thought a fool than to speak up and prove it.
  30. Thread: QDOS

    by malvolio
    Replies
    7
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    771

    Or IPSE, who also use Merkel and don't impose...

    Or IPSE, who also use Merkel and don't impose conditions other than the reasonable one of the case having a realistic chance of a win.
  31. Replies
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    Yeah, let's think about that. £300-ish for around...

    Yeah, let's think about that. £300-ish for around £1200 of various insurance products plus discounts on other stuff vs £100-ish for IR35 investigation insurance and reviews that are about to stop...
  32. He may be getting confused. IPSE membership is...

    He may be getting confused. IPSE membership is not offsettable (?) against CT becuase for that to happen IPSE would have to register all its members with HMRC (there's a long legal history behind...
  33. Replies
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    908

    What NLUK said, and remember Plus covers any...

    What NLUK said, and remember Plus covers any taxation query, not just IR35.

    PEI is what you're asking about, cover for the expenses of an investigation and expert assistance
  34. Replies
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    908

    In that case, IPSE is a no-brainer, commercially....

    In that case, IPSE is a no-brainer, commercially. Very little to choose between them in terms of PEI success rates.

    IMVHO...
  35. Replies
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    Day Rates come out ofdiffernt budgets to...

    Day Rates come out ofdiffernt budgets to salaries, so this isn't really an FTC in the traditional sense, although it has all the same benefits. Interesting concept though.

    However in another way...
  36. Replies
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    2,395

    Work it out. What will it cost YourCo to do the...

    Work it out. What will it cost YourCo to do the contract. What do you need in your bank account at the end of the month to pay the bills. Add 40% to cover the taxes. Add the cost of travel and...
  37. Replies
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    Yes, agreed, and something 90% of contractors...

    Yes, agreed, and something 90% of contractors have never understood. But for the purposes of clearance, use the self-employed tag. It's what I've done all eight times (count them...) I've been...
  38. Anyway.... You can't opt in, you are in unless...

    Anyway....

    You can't opt in, you are in unless you opt out. Opting out requires you tell the agency before the client knows who you are to be 100% sure it is valid. However most (all?) agencies...
  39. If someone tells someone else that their actions...

    If someone tells someone else that their actions will adversely affect thousands of people, dont you think it would have rather more impact if a few thousand said the same thing independently?
    ...
  40. Sorry but you are a little out of date. The opt...

    Sorry but you are a little out of date. The opt out is actually irrelevant since what actually happens is that agencies will refuse to trade with companies who are not opted out. Just like avoiding...
  41. Replies
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    1,244

    We don't care about the draft legislation. what...

    We don't care about the draft legislation. what is actually happening is companies are saying they won't deal with PSCs. End of. The draft and ultimately real legislation simply doesn't matter, the...
  42. Replies
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    1,244

    I disagree. The whole point is that the YourCo is...

    I disagree. The whole point is that the YourCo is a vehicle with no purpose other than avoiding tax (or, more accurately, NICs). There is no reason to pay YourCo so it can immediately pass it on to...
  43. Replies
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    Yes i know. But that is the exception; you...

    Yes i know. But that is the exception; you shouldn't be advertising it as standard practice or including it in illustrations.
  44. Replies
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    400

    This has been written elsewhere, and may be...

    This has been written elsewhere, and may be germane to this thread as well...



    1. Use an FCSA member/compliant company
    2. Use one that charges a flat fee, not a percentage of day rate
    3. Use...
  45. Replies
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    Perhaps you need to pay closer attention to...

    Perhaps you need to pay closer attention to what's going on. For the rest of this year, w're still paying our usual subs to the EU, on the back of existing commitements. Ask that question this time...
  46. Don't be naïve. It's Germany and France against...

    Don't be naïve. It's Germany and France against the UK. The other 25 are irrelevant, even the ones who have something of a working economy. Germany and France are scared they're going to have to...
  47. Replies
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    398

    I didn't think Employers' NICs had a threshold,...

    I didn't think Employers' NICs had a threshold, only Employees and was a flat 13.8% of gross.

    ICBW... :igmc:
  48. Replies
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    Must admit I'm unclear about what personal data...

    Must admit I'm unclear about what personal data the site will hold. Looking at my profile I can't see anything that relates to the real me, and all I recall giving the site when I first joined was my...
  49. Replies
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    Surely the point is to get the shareholders out...

    Surely the point is to get the shareholders out of the loop, lose the focus on paying dividends and directors' salaries and impose better controls on investement. The franchise will go back on sale...
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    Well yes, it is a stupid question, you're...

    Well yes, it is a stupid question, you're supposed to know these kinds of basics :smile

    Anyway, it is net pay to you personally. Which means any pension funding is coming out of your taxed...
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