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  1. Replies
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    1,909

    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...
  2. Replies
    14
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    915

    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...
  3. "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.
  4. Replies
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    586

    Why would anyone want to buy it?

    Why would anyone want to buy it?
  5. 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.
  6. Replies
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    3,218

    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...
  7. Replies
    544
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    39,340

    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....
  8. Replies
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    1,199

    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...
  9. 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...
  10. Replies
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    1,199

    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...
  11. Replies
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    3,218

    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...
  12. Replies
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    3,218

    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...
  13. Replies
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    3,218

    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...
  14. Replies
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    3,218

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

    I note that the information sheet at HMRC has been updated:-
    ...
  15. Replies
    544
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    39,340

    There will be a correction very soon. Take...

    There will be a correction very soon.

    Take cover in the next few days.
  16. Replies
    35
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    3,481

    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...
  17. 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...
  18. Replies
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    7,091

    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...
  19. 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...
  20. Replies
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    1,444

    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...
  21. 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...
  22. Replies
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    1,444

    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...
  23. 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...
  24. Replies
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    3,267

    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...
  25. Replies
    17
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    1,692

    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%...
  26. Replies
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    1,692

    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...
  27. Replies
    17
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    1,692

    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.
  28. Replies
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    4,990

    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...
  29. Replies
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    10,513

    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...
  30. Replies
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    1,517

    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.
  31. Replies
    77
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    10,513

    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...
  32. Thread: Which VPN?

    by ChimpMaster
    Replies
    0
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    350

    deleted

    deleted
  33. 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...
  34. Replies
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    1,517

    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...
  35. 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.
  36. Replies
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    1,517

    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)...
  37. My Tory MP is the same. Safe seat, doesn't bother...

    My Tory MP is the same. Safe seat, doesn't bother replying to any comms except the one template reply I got when I wrote to him about the LC. I tweet regularly too and he ignores everything. B@stard...
  38. Replies
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    7,091

    I'm several years into the same contract and...

    I'm several years into the same contract and consider myself well outside IR35. My working conditions and actually having brought in a Sub (for a short time admittedly) would hopefully be enough of a...
  39. Replies
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    481

    I had a sub come in to cover my absence for a few...

    I had a sub come in to cover my absence for a few days. He didn't have a company (he did in the past but is retired now) so I just asked him to invoice me under his personal name and then I paid the...
  40. Thread: ER Advice

    by ChimpMaster
    Replies
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    513

    Not a good idea as he'd have to pay the loan back...

    Not a good idea as he'd have to pay the loan back and then try to claw back the s455 tax.

    If you want to buy a house for yourself, then you will need to MVL to claim ER and then take a permie...
  41. Why the guys above said plus, do what you can to...

    Why the guys above said plus, do what you can to force your actual working practises out of IR35, like:-

    1. Get a substitute in for a short time.
    2. Arrange your working schedule so that it is...
  42. Sticky: I might be missing something, but - in reference...

    I might be missing something, but - in reference to historical investigation risk - the April 2020 determination only really matters if you believe you are within IR35 anyway. If you have taken steps...
  43. Replies
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    Looks amazing and only £145 at BT Business Direct...

    Looks amazing and only £145 at BT Business Direct - and I guess another £40 cashback on top of this too.

    Just seen that there is a laser version HP 7730, which might be better.
  44. Thread: Dilemma

    by ChimpMaster
    Replies
    24
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    1,549

    What are you worried about? The client (assuming...

    What are you worried about? The client (assuming private sector) won't have to put you under until April next year. They're probably just being proactive, which is more than can be said for my...
  45. This is a good point and it's likely that many...

    This is a good point and it's likely that many contractors and clients will get too comfortable the longer a contract runs.

    I've been wary of this, having been contracted to one client for a quite...
  46. Replies
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    1,086

    Recommend a printer/scanner/copier

    Budget around £250 max I reckon, which would be a huge upgrade for me considering my previous Canon MG6150 was a cheap but good option.

    Something not too bulky either please.

    OEM cartridge...
  47. Replies
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    1,902

    My understanding is that you don't have to submit...

    My understanding is that you don't have to submit if you have already sent Settlement details. This is clearly mentioned in HMRC's guidance. However, some advisors are recommending to submit.

    I am...
  48. Re: Condition D : "it is reasonable to assume...

    Re: Condition D : "it is reasonable to assume that the main purpose, or one of the main purposes of the winding up is the avoidance or reduction of a charge to Income Tax."


    Just for the interest...
  49. Replies
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    20,021

    Send HMRC a letter, Recorded or Signed For. ...

    Send HMRC a letter, Recorded or Signed For.

    I've done that this week, because they have not replied to any of my emails since June. The staff who answer the phones don't have a clue as to what's...
  50. Replies
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    13,791

    I got this same email today. It looks like a...

    I got this same email today. It looks like a blanket response to all people who are within the settlement process.

    It is very clear from the link that we do not have to report loans for the Sept...
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