Financial and legal issues affecting IT contractor companies, including IR35.
All about umbrella companies.
Contractor Umbrella - any...
For discussions relating to enquiry letters being sent out by HMRC.
HMRC enquiries for EBT...
Debates on tax, IR35, T&S and the impending zombie apocalypse.
End of IT contracting this...
To discuss the changes to PS contracts that are due later this year.
Pemie role - jump ship before...
This is my first post - so be kind please!!!
Has anyone here used an online pension manager, like Nutmeg, for a private pension? By this I mean contributing funds straight from a ltd company tax free?
I've met two Independent Financial Advisors who manage pensions for ltd...
Updated 23 June 2016 - This got out of date so am doing a bit of rehash. I've added any new ones, taken off some that seem to have disappeared and given a nod to some of the Accountants that are actively giving good advice on the forums but don't seem to have been recommended by posters.
OK so it's not so short any more. This information has been compiled based on experience, and expert advice. In response to the numerous emails and PMs I get concerning the fluid and uncertain environment for working in Belgium, I have tried to summarise the issues and pitfalls,...
This place is going to get swamped very soon, so just to let you all know that you can post about the Public Sector and IR35 changes here:
Public Sector IR35
Any posts regarding PS IR35 will be moved there.
Here is a place for those 101's that people seem to forget/not know.
Try and make the title easily searchable.
This thread is stuff that we have learned over the years. But we expect people using this forum to do their own due dilligence - we point them in the right direction, it's for them...
Posters have been turning up indignant that agencies are demanding extra information from them mid-contract.
To which the answer is: suck it up. The Government has legislated that agencies have to collect information and pass it onto them.
The Income Tax (Pay As You Earn)
(Amendment No. 2)...
How many more times....
a) It's about the journey, not the client and not why you are there
b) Go to the known (or anticipated) end date of your current gig.
c) Count back 24 months by the calendar.
d) If between those two dates you have spent less than 40% of your time at that...
Welcome to the Loans thread.
To date loan arrangements have been discussed in many threads on CUK, regularly appearing in the BN66 thread diluting that thread and losing the concentration of information to those associated only with loans and not with S58 FA2008. Its time that loans had its own...
If i get good perm role paying about £90K is it possible to have all of the 40% tax paid into a pension? Anyone actually done that or heard of someone else that has done that for a perm role?
In terms of what you get out of a role financially its broadly similar to contracting....
I have recently switched to a perm position. As part of the package, there is a private health insurance included.
This is what I received today:
I got in touch with the HR but they weren't clear on that either:
As guidance here How to deal with an HMRC IR35 letter :: Contractor UK says "Consider seeking client confirmation of the day-to-day working practices" I am thinking of getting my client to sign the working practices while still doing the contract. Where can I get a sample of working practices? What...
I am currently contracting and looking to start up a new company with my mother as a 30% shareholder. She is unemployed and I may ask her to look after my financials and invoicing etc in return for dividends or may just gift them to her because she's lovely.
Is this something the...
So that's the question in a nutshell! Clearly lots of great contractor specific accountants around who have (I'm guessing) 1000's of contractors on their books. My experience so far has been the ones I have used have been efficient but I've never managed to get a really proactive and personalised...
been offered a permy role which is financially better off than I am now in my current role. Not seen any sight of a change of scenery as contract roles are few & far between without an hours or so commute each way.
So going back to the security of permy role (and hopefully all the nice perks of...
I never worked before in UK, but I might get a interview. Can I deduct the travelling costs (flight + train + ...) from my country (EU) to UK in my first month of working as contractor?
I am sure someone had this question before, but couldn't find it.
I have a tax question that is vexing me:
taxable income for year from very good permie stint = £115000
salary from myCo = 0 (living off savings for rest of the tax year)
MyCo dividends for tax year 0
What is going to be best:
(1) make a contribution to SIPP from personal savings (to get...
I'm currently working through my own limited company on a contract inside IR35.
I'm a higher-rate taxpayer and I'm already maxing out my pension contributions. I'm getting close to retiring and in a few years I plan to be retired or semi-retired; either way I will definitely be a lower-rate...
I have the chance to work for my old company which is based in Germany as a full time contractor based at home. I doubt I could qualify for IR35 as I will work
exclusively for this one company. So I did a bit of Googling around and found a company called "Principal Contractors" who...
I'm going to leave that video lest you think the CUK is a foot soldier of The Great Conspiracy.
But I will dump any further non-related posts in a 'We hate HMRC' bucket thread.
Has anyone got any experience with an Amercian Express Card? How do they go about validating you if you are paid Wage/Dividend like so many of us are?
As title. Rookie question I know, but for the purposes of paying tax on dividends, earnings are grossed up 10% then taxed at 10%, meaning there is effectively no tax at this level. So why do it at all? Why not instead make it 0% tax up until 41865 then start taxing from there? What am I missing? :)
First year in contracting and have couple of questions regarding claiming the business mileage. Hope someone will be able to clarify for me. Thanks in advance :)
I have my own car but I have been paying for the fuel from business account directly for few months which was not much...
Should I operate as outside IR35 even though contract is inside IR35? This is for short term contract (approx. 8 months) and then going back to perm.
If I ever tip for a company meal I'll normally just leave my own cash separately, but the other day I accidentally wrote my room number in the "Tip" section of the receipt. I scribbled it out but they still put a couple of quid through :rolleyes:
Can anyone confirm/deny whether I can just sling...
Last time I had a foreign (EU) client, the agency was foreignian (EU) as well. Under those circumstances the situation re the VAT reverse charging is plain : you reverse charge the VAT which means it shows up as zero on the invoices.
This time, however, MyCo (UK VAT registered) has a...
Not sure if I have posted in the correct category but hey hoe...When you receive a Directors' loan, is it due PAYE Tax? I understand the company pays CT on the amount loaned. Please could someone answer? Thanks!
Loophole that lets freelance workers offset the cost of lunch and commute against tax to be closed in Budget | This is Money
Reading this they seem to keep referring to Umbrella's rather than Ltds?
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