Originally posted by LisaContractorUmbrella
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End of First Contract With Umbrella Company
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by northernladuk View PostNope, you did that thing where you are too helpful when the OP just wants the answer he wants to see... if that makes sense.Comment
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Originally posted by The Spartan View PostWhat if the umbrella company cannot support you for a particular assignment say for instance in Europe?
With regard to the wider question, this is a fine point - HMR&C guidance states that it has to be an individual's 'intention' to complete more than one assignment and therefore if you intended to complete more than one assignment but were unable to because eg. you secured a contract in the Netherlands then the expenses shouldn't be restrospectively disallowed as the original intention was there
HTHComment
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The question seems pretty clear, as I have stated, as far as I understand, it is a bad idea to work through an umbrella company for only one contract position, for tax reasons. It would therefore seem normal to remain with the umbrella company and seek further contracts after the first had ended, would it not?Comment
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Originally posted by Bones View PostThe question seems pretty clear, as I have stated, as far as I understand, it is a bad idea to work through an umbrella company for only one contract position, for tax reasons. It would therefore seem normal to remain with the umbrella company and seek further contracts after the first had ended, would it not?
If you are going to start a contracting career then you won't have just one gig anyway but the advantages of opening a LTD may outway the disadvantage of stopping using the umbrella for one gig. Some people may take the hit to go LTD, some people may stay with Umbrella cause it is easier.
Depends on what is important to you, the money, the ease of the solution, your time, your knowledge of finainces etc etc. You can't just write it off as a bad idea as that might suit someone else. Horses for courses. There isn't just one solution that fits all that you can call bad or good.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostDepends on what you are after. Many people pick an Umbrella for a single gig as it is a lot less hassle than starting up a LTD for one contract. They can't claim mileage but they may not need to for a number of reasons. There maybe other restrictions I don't know about but it is still a viable option if someone is going to do a single 6 monther for whatever reason.
If you are going to start a contracting career then you won't have just one gig anyway but the advantages of opening a LTD may outway the disadvantage of stopping using the umbrella for one gig. Some people may take the hit to go LTD, some people may stay with Umbrella cause it is easier.
Depends on what is important to you, the money, the ease of the solution, your time, your knowledge of finainces etc etc. You can't just write it off as a bad idea as that might suit someone else. Horses for courses. There isn't just one solution that fits all that you can call bad or good.
I will of course be asking them but thought I would get opinions here first and clarify due process for something I have not done before.Comment
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Maybe they assumed you'd be leaving because you hadn't told them different. Maybe you did tell them but they didn't have a clue what you were saying as communication doesn't appear to be your strong point. Maybe you told them, they understood fully but wanted to get shot of you anyway?
Could be any number of things, really.Comment
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Originally posted by Bones View PostI am wondering why they have sent me a letter of resignation to sign, ending my employment with themselves when they must know this will result in the tax man wanting all of the allowances back? This would not seem to be a normal course of action for most people working through an umbrella company. So why would they assume I wasnt going to move on to another contract position?
As for the expenses, the rule is that it must be your expectation that you will work on multiple contracts and at the same location for < 24 months. Since this was clearly the case, your expenses claims are valid and they aren't retrospectively invalidated. The tax man won't come after you, if anything they will go after the umbrella. Most likely nothing will happen so don't sweat it.Free advice and opinions - refunds are available if you are not 100% satisfied.Comment
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Originally posted by LisaContractorUmbrella View PostFor most European countries, with contracts of less than 6 months, you will remain within the UK tax system so the umbrella company will still be able to help you - there are exceptions eg. Netherlands but not many.
With regard to the wider question, this is a fine point - HMR&C guidance states that it has to be an individual's 'intention' to complete more than one assignment and therefore if you intended to complete more than one assignment but were unable to because eg. you secured a contract in the Netherlands then the expenses shouldn't be restrospectively disallowed as the original intention was there
HTHIn Scooter we trustComment
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