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  1. #11

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    No. 24 month rule relates to not being able to claim T&S when you know you will be working in the same geographic location for over 24 months. Plenty to read up on this in the links to the right. -->
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  2. #12

    Fingers like lightning

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    Quote Originally Posted by polski View Post
    Assuming I am in 'IR35', is there no allowable expense? And does the 24 month rule mean that after this period, the client is still liable for something even if I'm paying myself most of the money in salary?
    Correct - if you are inside IR35 then you cannot claim travel and subsistence expenses.

    The 24 month rule is irrelevant, because you can't claim travel and subsistence expenses due to your IR35 status.

  3. #13

    Still gathering requirements...


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    Quote Originally Posted by missinggreenfields View Post
    you can't claim travel and subsistence expenses due to your IR35 status.
    Just looking at a new contract myself, which the wording squarely lands inside IR35.....
    I thought you could continue to claim fuel and accommodation?

    Quote Originally Posted by SJD Website
    If you are inside/caught by IR35 is there any benefit in trading through my own limited company?
    If your contract and working practices look like you are inside IR35 you can still claim: traveling and accommodation expenses.....
    Contractor's Guide to Expenses - Accountants UK - SJD Accountancy

  4. #14

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    Quote Originally Posted by yMyjgT View Post
    Just looking at a new contract myself, which the wording squarely lands inside IR35.....
    I thought you could continue to claim fuel and accommodation?


    Contractor's Guide to Expenses - Accountants UK - SJD Accountancy
    New rules came in April 16. Check the Future of Contracting forum.

    If you follow the link you posted and the click in the expenses link it takes you to a page that tells you about IR35. Need to read more.

    http://www.sjdaccountancy.com/about/..._expenses.html

    What if I’m inside IR35, what expenses can I claim?

    If your contract is caught by IR35 then the only expenses claimable are: administration expenses which are fixed at 5% of your contract income, , pension contributions and certain professional subscriptions. You should however, still record and receipt all business expenses.
    Last edited by northernladuk; 13th June 2016 at 20:10.
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  5. #15

    Nervous Newbie


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    Quote Originally Posted by unixman View Post
    Hi OP welcome back. I'm surprised that you say contracting will help you spend more time at home. It often means more travel, depending on where you live.
    Having spent nearly 4 years working away from home it the only chance at the moment of being home more! I Spent 11 years (89-00) contracting and following the work, i'm well aware it might only last 12 months, but better that than no prospect of doing so.

    We move to South Wales, where the rates, salary and contract, are very provincial, and at the moment can't afford a 50% drop! So having to work away.


  6. #16

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    Quote Originally Posted by polski View Post
    Having spent nearly 4 years working away from home it the only chance at the moment of being home more! I Spent 11 years (89-00) contracting and following the work, i'm well aware it might only last 12 months, but better that than no prospect of doing so.

    We move to South Wales, where the rates, salary and contract, are very provincial, and at the moment can't afford a 50% drop! So having to work away.

    More like bank on a gig lasting 3 months and the rest is a bonus.
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