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  1. As already stated, if the job is declared inside...

    As already stated, if the job is declared inside IR35, you have no choices in the matter. Fundamentally, you came to contracting in the UK 20 years too late, but no matter, good luck. A great many of...
  2. OK, I realised I had to pay £16 to activate the...

    OK, I realised I had to pay £16 to activate the international banking. That's now done and the debit card is on it's way. I have to say, the setup, the look and feel of TW Borderless is way ahead of...
  3. A quick update from me on this. I applied for a...

    A quick update from me on this. I applied for a Revolut business account as planned. The next day despite all my ID etc... Being for my UK residence, the application was refused. Presumably the...
  4. Don't disagree with you at all. And that's where...

    Don't disagree with you at all. And that's where a lot of the poor thinking comes from. Many of us, me included, were often sent into other countries by our employers for periods of time and we just...
  5. That would be my understanding too and it's often...

    That would be my understanding too and it's often been a mistaken assumption here.
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    I would say you are reading it wrong. I'd say it...

    I would say you are reading it wrong. I'd say it means you would have no case for redress against the QC on the grounds of negligence were you to follow QC's opinion. The QC provides an opinion and...
  7. To be honest, I fear it may be beyond fixing....

    To be honest, I fear it may be beyond fixing. Given the industry's track record of creatively exploiting any real or fabricated circumstance in order to gain tax advantages though "QC approved"...
  8. In the brave new world where everyone's an...

    In the brave new world where everyone's an employee, this could be a problem not so easily sorted. I seriously doubt circumstances like this fit within the PAYE sausage machine models soon to be...
  9. 1 Yes, I know and I agree that is the case. But...

    1 Yes, I know and I agree that is the case. But because HMRC guidance is not to file a P85 if you do SATRs (and we all do) then that tax status is only confirmed in arrears never in real time if you...
  10. I think if you ask the HMRC representative on the...

    I think if you ask the HMRC representative on the phone for reference number referring to the conversation, that would carry some weight. As long as the discussion had the desired outcome, of course....
  11. Very good, then all the OP has to do is to call...

    Very good, then all the OP has to do is to call HMRC and if anyone answers the phone, he'll then know for certain. That's the only sure way he'll know how it works. I am confident my way worked (and...
  12. Unless I am missing something, the OP cannot be...

    Unless I am missing something, the OP cannot be granted that until he has been out of the UK for a full tax year after the tax year in which he leaves. You do not get non-UK tax status the day you...
  13. To be noted that the HMRC guidance is that if you...

    To be noted that the HMRC guidance is that if you normally complete a self assessment tax return, then you do not fill in a P85. Your tax resident status and claim for split year treatment is all...
  14. Be careful and read RDR3 thoroughly. You "may"...

    Be careful and read RDR3 thoroughly. You "may" qualify for split year treatment in the UK tax year you leave the UK, or you may not. You will not be confident of non-UK tax residency until you have...
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    I understand they can request strike off be...

    I understand they can request strike off be reversed but it would required some pretty serious grounds to do so. I'm with you though, once the company has disapeared into the ether, my worries about...
  16. The Isle of Man isn't very far. And as far as I...

    The Isle of Man isn't very far. And as far as I know, there's no bar to a UK national living and working there.
  17. Indeed, for 16 to 18 I was tax resident in three...

    Indeed, for 16 to 18 I was tax resident in three countries. From 18 to 21 that has reduced to two. When transitioning from/to the UK I apply split year treatment.
  18. I'm not sure it matters one bit what Procorre do....

    I'm not sure it matters one bit what Procorre do. If you have undeclared income you are legally obliged to inform HMRC about it. If you don't do so, then you are willfully with holding that...
  19. Much appreciated TCP. As this is a...

    Much appreciated TCP. As this is a post-retirement, part time, WFH side hustle, I envisage none or minimal services UK or otherwise. Thank you.
  20. Apologies for a minor side track to the thread,...

    Apologies for a minor side track to the thread, TCP. If the turnover of the UK business is below the UK VAT threshold (and therefore not VAT registrered) and the UK business invoices directly to the...
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    What a rip off racket this seems to have become....

    What a rip off racket this seems to have become. I have only closed down two Ltd Companies in my time. Both of them were closed down by the incumbent accountants who charged me precisely nothing....
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    The entire operating company that I am with has...

    The entire operating company that I am with has been working from home since the panic set in. Given that our off shore, on shore, pipeline, power generation etc facilities are several thousand...
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    It's not only them. I have had a claim refused...

    It's not only them. I have had a claim refused this week by my travel insurance policy. I claimed for bankruptcy of the travel agent or in policy terms, "the travel service provider". Same thing? Not...
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    Wow, the trough just got wider and deeper. Snouts...

    Wow, the trough just got wider and deeper. Snouts in deeper, guys!
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    Probably not any more, no. I expect I am not on...

    Probably not any more, no. I expect I am not on my own if I were to say I dislike intensely any organisation that was founded and run for the sole benefit of the membership. Only then to become a...
  26. Since the scheme is basically a sham scheme...

    Since the scheme is basically a sham scheme (solely designed to avoid or evade tax, with no other purpose) it will be an epic fail under GAAR anyway.
  27. Round and round and round we go.........

    I am fascinated that there's still naive/greedy people out there who believe this stuff works. There must be customers, or there would be no market for this.

    Let's be very clear, this is nothing...
  28. Thanks WIB. I got a quote to move Euros 1000 from...

    Thanks WIB. I got a quote to move Euros 1000 from a TW account to a UK GBP account and it worked out as Euro 8.40 for the transaction compared in realtime to the same Revolut transaction. Versus 2x...
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    Be careful, many sharks out there. Take a look at...

    Be careful, many sharks out there. Take a look at -

    i-paye - I-PAYE | UK and European Umbrella Services
  30. Much as I suspected then WIB. I am a personal...

    Much as I suspected then WIB. I am a personal customer of Revolut and I believe they have a business account in the UK. One option is to use a Revolut account and transfer each Euro payment to my Nat...
  31. Nat West Business Account and Euro Currency?

    A question for anyone who has a Nat West business account and invoices in Euros, recieving Euro payments. I can see (link below) that electronic Euro receipts to the Nat West account are free of...
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    Thanks LM. FreeAgent for me. Starting again from...

    Thanks LM. FreeAgent for me. Starting again from scratch after about a five year overseas gap, the Nat West bank offer + FreeAgent is too good to pass up.
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    Thanks LM, this might be very important soon for...

    Thanks LM, this might be very important soon for me. So - I get a PO for work, PO number 123456. I do work each month for six months. I want to invoice monthly against PO 123456 on six occaisions....
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    Sounds to me like that's what LM wants to do?

    Sounds to me like that's what LM wants to do?
  35. :eek:

    :eek:
  36. I understand conventional wisdom is that this is...

    I understand conventional wisdom is that this is generally a bad idea. Not least because the individual has a CGT allowance, a company does not. An individual has tax breaks available like ISA and...
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    My advice is don't hold your breath. UK...

    My advice is don't hold your breath. UK Government debt is about to reach post World War II proportions. They will be pushing for every penny they can raise over the forthcoming few years.
  38. Indeed, the elephant in the room that I have...

    Indeed, the elephant in the room that I have asked about before. Nobody seems to be to explain why the scheme trustees who have to put the trust beneficiaries interests first by law. How do they see...
  39. I realise it's way too late to say this, but it...

    I realise it's way too late to say this, but it might help someone out there one day. HMRC never approve tax avoidance schemes - ever. QC cannot approve a tax avoidance scheme. But they can offer an...
  40. Exactly.

    Exactly.
  41. If I use a UK Ltd Co again I will be using a...

    If I use a UK Ltd Co again I will be using a NatWest/RBS bank account with bundled FreeAgent. And a software package for end of year accounts, Companies House and CT600 submissions. In nearly 15...
  42. Anyone can call themseves an accountant. Or...

    Anyone can call themseves an accountant. Or engineer, or plumber or chef etc... What you cannot do, is call yourself a Chartered Accountant (or one of the other types of accounts professionals). Nor...
  43. You don't even have to be that clever, just post...

    You don't even have to be that clever, just post from the sockie account while having a coffee in Starbucks or a Big Mac in McDonalds. And only post from home from your main CUK account.
  44. Exactly what I would too. Good luck.

    Exactly what I would too. Good luck.
  45. Are you using FreeAgent? If you keep that up to...

    Are you using FreeAgent? If you keep that up to date, you can export the accounts to import into an accounting package that generates and submits the CT600 and Companies House returns for you. If I...
  46. More than likely to be an unoccupied rental...

    More than likely to be an unoccupied rental property, I'd think. It would be if I was that bloke.
  47. My own experience is that if there's a mistake...

    My own experience is that if there's a mistake 99% of the time it's the accountants making the mistake. I simply got sick and tired of checking and double checking everything the accountants did....
  48. Exactly my experience too. The myth of a...

    Exactly my experience too. The myth of a proactive accountant doing anything other than feeding your Ltd Co business through a sausage machine is alive and well it seems.
  49. RBS or NatWest it is then.

    RBS or NatWest it is then.
  50. Even cheaper - RBS/NatWest challenger banking arm...

    Even cheaper - RBS/NatWest challenger banking arm called Mettle offers free banking and a FreeAgent account. Note that for a new account holder, RBS/Natwest are free of charge for 18 months....
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