Originally posted by lucyclarityumbrella
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Payeworx
Collapse
X
-
Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten. -
Originally posted by eek View PostAnd you've just invented the MSC again by another name and they are completed banned.
In regards to the NHS contractors, not sure what to say. They seem to be pretty happy doing it still. I know for a fact one of them is doing this to avoid paying higher child support, which is damn low.Last edited by Drei; 28 February 2020, 15:10.Comment
-
Originally posted by SimonMac View PostI bet they are QC approved too
(and in case HMRC are watching that was a joke, we all know you don't approve anyone or anything, although maybe you should when it comes to umbrella's! hint hint)Comment
-
I see that PAYEworx have popped up again on LinkedIn. I've asked them to better explain their "IR35 Protected Limited Company", but I'm not holding my breath for a clear and unambiguous answer in public... I might request one of their "information packs".
Not too sure what I'll find...---
Former member of IPSE.
---
Many a mickle makes a muckle.
---Comment
-
Originally posted by wattaj View PostNot too sure what I'll find...
https://i.ibb.co/cTCj9S0/Capture.png
PS: why can't I post pictures any more?
---
Former member of IPSE.
---
Many a mickle makes a muckle.
---Comment
-
Originally posted by wattaj View Post
(And it's better that you don't post a picture in this instance, trust me...)"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
-
And today Payework finally made HMRC's list of dodgy schemes see https://www.gov.uk/government/public...s#payeworx-ltdmerely at clientco for the entertainmentComment
-
Originally posted by eek View PostAnd today Payework finally made HMRC's list of dodgy schemes see https://www.gov.uk/government/public...s#payeworx-ltd
"I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
- Voltaire/Benjamin Franklin/Anne Frank...Comment
-
Not the only one it seems!
"The most recent update was on 24 August 2023 with the addition of Payeworx Ltd and SmartPay Limited."Comment
-
“The scheme user enters into an employment contract with Payeworx (PWL), and the scheme user’s Personal Service Company (PSC) is issued a share in Contractor Buddy PCC Limited (CBP), a connected protected cell company based in the Isle of Man (IOM). PWL pay the scheme user a salary that is around the minimum amount required by the National Minimum Wage Act 1998. CBP make a separate larger payment without deducting Income Tax and National Insurance Contributions to the scheme user’s PSC, supposedly for a dividend. CBP deduct around 2% from the larger payment as a fee, and a further 19% which they claim is Corporation Tax (CT). However, the rate of CT in the IOM is 0%. The scheme users are expected to distribute the alleged dividend amount as they see fit.”
That’s some margin! Now that they’ve made a HMRC’s list, they’ll no doubt go into administration shortly, leaving their clients over the last many years holding the bag.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment