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  1. Replies
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    I typically use the following test. Look at the...

    I typically use the following test. Look at the posters join date. Look at the total number of posts. Look at the tone of their response. You can generally work out whether to accept or ignore the...
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    1,757

    Always a pleasure posting to the Forums. For...

    Always a pleasure posting to the Forums. For those that don't spend an unhealthy majority of their lives on here, the post was for you.
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    No Rights Employees

    Anyone seen this yet?

    norightsemployee.uk
  4. February 28th End of Contract - affected?

    How many posters are finishing up their work tomorrow - Feb 28th, due to blanket bans caused by IR35?

    Curious about the numbers.
  5. Replies
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    I still don't understand why the Treasury office...

    I still don't understand why the Treasury office is working on this. Surely this should come under Dept Work and Pensions, who should create and run the CEST tool. Based on the outcome of that tool,...
  6. Correct. I'm not in the business of running an...

    Correct. I'm not in the business of running an umbrella company hence the question. Just curious about the business model.

    Certainly agencies make their money by tagging on a % to the contractor...
  7. I'm curious - when you say Umbrella's have to pay...

    I'm curious - when you say Umbrella's have to pay SSP etc, and it's a cost of doing business, which part of the Umbrella business model (outside the Umbrella employee's income from the client) allows...
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    You are right - edited accordingly.

    You are right - edited accordingly.
  9. Replies
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    New wording for contracts

    Do we need new names for working?

    Contracting - Outside IR35 roles provided via a Limited Company Contractor
    Temping - Inside IR35 roles worked as an employee of an Umbrella / Agency / Client...
  10. Replies
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    6,554

    and this is the problem with shifting the...

    and this is the problem with shifting the liability of IR35 onto the client.

    There is no definitive definition of employment but contractors were prepared to take more risk, based on case law,...
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    As you contract and move between clients, you...

    As you contract and move between clients, you should be creating a network of contacts; clients, other contractors or good employees at clients (people do move around and can put a good word in).
    ...
  12. So what you are saying is that if found inside,...

    So what you are saying is that if found inside, you can take them to the county court and receive over 100,000 (I'm guessing pounds) which you will then pay to HMRC after the investigation for having...
  13. I'm in exactly the same boat. I was taken on by...

    I'm in exactly the same boat. I was taken on by client for an IT Transformation project as an IT architect and have been offered a permanent role.

    The big difference is that, as a contractor, I'm...
  14. Ironically, a lot of the banks have signed master...

    Ironically, a lot of the banks have signed master agreements with agencies to only provide Umbrella / PAYE workers after 1st March; have they shot themselves in the foot? Will contractors get that...
  15. Replies
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    The sad part is watching some contractors going...

    The sad part is watching some contractors going PAYE / umbrella and getting their first 'paycheck' - as they are now employees and then realising how little income they will get compared to working...
  16. And this is the risk with IR35. People read too...

    And this is the risk with IR35. People read too much into it wheras in fact, if you take a step back and look at the arrangement (paint a picture if you like), it can't possibly be one of employment....
  17. Replies
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    There are lots of if and buts but nobody knows...

    There are lots of if and buts but nobody knows what is going to happen. Certainly, for many people, the 'contractor' lifestyle is going to come up for discussion and different people will go...
  18. Surely 'perm' is the correct term, but 'perm'...

    Surely 'perm' is the correct term, but 'perm' with the job agency rather than the end client.

    The contract you sign is going to determine who your 'employer' is - either your Limited Company, your...
  19. This is all a bit of a mess TBH. I thought...

    This is all a bit of a mess TBH.

    I thought being inside IR35 meant that you would be paid gross, you'd deduct your 5%, still be able to claim Section 190 expenses and you would pay HMRC the deemed...
  20. I was under the impression that IR35...

    I was under the impression that IR35 determination only applies to people supplying their services via a Ltd Co - so if you are supplying your services via an Umbrella, IR35 determination doesn't...
  21. After April 2020, it's not your problem anymore...

    After April 2020, it's not your problem anymore as to whether your contract is inside or outside. The client takes on the responsibility and HMRC will go after them rather than your company if they...
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    The irony is that the day rate the client is...

    The irony is that the day rate the client is paying for these workers is slightly higher than that of a UK contractor, but the client likes it because it provides certainy from the costs involved in...
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    The Indian workers are not on the client company...

    The Indian workers are not on the client company payroll and so are not an operating cost on the books. The client pays the Indian outsourcer a day rate for the workers and essentially treats them...
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    IR35 and overseas workers development

    My client, like many others, has decided to stop using PSC contractors and therefore doesn't need to make a determination as to whether workers are inside or outside IR35. This may sound short...
  25. Most accountants are not financial advisors - nor...

    Most accountants are not financial advisors - nor tax experts. This is where investment banks make their money i.e. qualified financial advisors (who also usually have an accountancy qualification...
  26. Replies
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    That's an unusual response. No I'm not a...

    That's an unusual response. No I'm not a misogynist just as I'm sure you are not a misandrist but if that's what you read into my response - that's ok. I probably misread your context for 'doing some...
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    The role of a company secretary is to ensure that...

    The role of a company secretary is to ensure that the company complies with it's legal obligations. This role can also be undertaken by a director. A company secretary doesn't need to file / type /...
  28. Replies
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    There is no specific mention of a maximum...

    There is no specific mention of a maximum duration but providing the total expenses incurred for the event don't exceed £150 / person i.e. if the camping was £149 but you had to eat, get there, take...
  29. Replies
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    What am amazing comment! So you take a look at...

    What am amazing comment!

    So you take a look at my profile and assume the day I joined ContractorUK was the day I started contracting? You should change your name to 'Sherlock'.

    I've been...
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    Yes, you're probably right. So to summarise...

    Yes, you're probably right.

    So to summarise the breadth of knowledge:

    'Just MHO but there is more chance of being hit by low flying pork than HMRC accepting this as an expense'
    'Thoughts?...
  31. Replies
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    Equally, JRCT's house mrsjrct "We need more...

    Equally, JRCT's house

    mrsjrct "We need more money"
    jrct "Just get it from our account - my wages went in yesterday"
    mrsjrct "I can't. It's in that new fangled business account your accountant...
  32. Replies
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    Exactly. Now you are thinking like a businessman....

    Exactly. Now you are thinking like a businessman. HMRC have nothing to say about how you spend your company money provided the spend is classified correctly and you pay the correct tax. If you don't...
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    You should read some of the earlier posts! Pigs...

    You should read some of the earlier posts! Pigs flying were mentioned



    I think you've hit the nail on the head. At what point does the requirement to attend the meeting (allowable) turn into a...
  34. Replies
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    I choose to keep my company business (a separate...

    I choose to keep my company business (a separate legal entity) and personal life separate. I realise this won't apply to Umbrella employees as they are not company directors and so have significantly...
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    I'm getting the feeling that the 'wife's role in...

    I'm getting the feeling that the 'wife's role in this is being confused? The 'wife' is a co-director, shareholder and fee earner (a professional marketing and PR consultant) and although I'm sure...
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    This was the reason for the comment. My...

    This was the reason for the comment. My accountant says this is fine providing it's an event that you have to attend as part of your employment responsibilities and attendance at board meetings are...
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    Fair enough. To be fair, were it not the business...

    Fair enough. To be fair, were it not the business angle, we probably wouldn't do this anyway. We have enough personal holidays etc to keep our travelling bug at bay. The reasoning is - if we're going...
  38. Replies
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    Offsite business meetings

    After the Christmas Party discussion (below), I'd like to discuss something else that large consultancy companies do but contractors don't - namely the offsite.

    I come from a consultancy...
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    I'm not sure if it's a mindset but I don't think...

    I'm not sure if it's a mindset but I don't think of 'take home pay' as a function of daily rate.

    Money comes into your Ltd Company. Pay yourself a salary. You may need to declare an interim...
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    Client Christmas Party

    My client is having a Christmas Party for it's employees. It has also invited contractors - but we have to pay (it's free for employees).

    To attend means travel up to London (where the event will...
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    I always use the guide that were I not to turn up...

    I always use the guide that were I not to turn up - would it affect the day-to-day running of the client i.e. am I in a 'role' within the organisation or am I a resource for a project. If the project...
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    Welcome to the last 14 years or so of IR35...

    Welcome to the last 14 years or so of IR35 argument and debate. If anyone is close to the legal definition of a contractor / employee / worker etc etc please let HMRC know.
  43. I always thought that if you were employed by...

    I always thought that if you were employed by your Ltd company and were carrying out work on behalf of your company - whether that work be income generating (in a contract) or not (admin, sales,...
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    As you may or may not know, you need to provide...

    As you may or may not know, you need to provide your first accounts 9 months after your companies FY year end. As you are 14 month in, you have time.

    An accountant can easily rebuild your...
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    What the article failed to mention when it stated...

    What the article failed to mention when it stated that he 'only' paid 21% corporation tax was that he would also pay 25% income tax on any higher rate income he drew as a dividend.
  46. Blimey - lawyers must have a field day with you...

    Blimey - lawyers must have a field day with you lot.

    That's your fault - not a loss you suffered. If someone else does something while you are about your employers business - you can claim. If...
  47. I think post no: 37 covers this comment. (not my...

    I think post no: 37 covers this comment. (not my words though!)
  48. Replies
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    Thanks. My accountant has run some calcs and has...

    Thanks. My accountant has run some calcs and has suggested that £15K for a single director appears to be the optimum amount (taking into account the slight reduction in corporation tax this salary...
  49. Fair point. We can all agree to disagree and at...

    Fair point. We can all agree to disagree and at the end of the day, it's the HMRC inspector that has to listen to the argument and decide whether they are happy to allow the expense or not. I do feel...
  50. I see your point but I disagree. From my point of...

    I see your point but I disagree. From my point of view - any activity that places me (as the employee) in a position of loss outside my normal, personal lifestyle (i.e. while on business) is the...
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