Originally posted by j66
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!
I resigned, but been given an offer (IR35)
Collapse
X
-
Blood in your poo -
Originally posted by TheFaQQer View PostCorrect - the entire income from the contract is paid as salary. From an accounting / investigation point of view, it would be cleaner if your salary is paid such that it clearly relates to that contract though.Comment
-
I went Friday to Monday, treated it as inside IR35, and every other contract I've had has been outside. I still keep that one going (10 hours a month, rolled over every six months) and keep it inside. I could probably argue outside successfully, it's really no different from any of my other contracts except the way it started. But it's not worth the hassle, since pension and salary eat it all anyway.
My other contracts have never been investigated, so I don't really think having one contract inside and others outside raises red flags. If anything, it makes it easier to claim you are a decent law-abiding bloke who follows the law when it applies, and they really should go chase somebody else who is cheating.Comment
-
Originally posted by fidot View PostIf you do this ^^^, is there a need to declare the contract as inside IR35 because no deemed payment is due? If that is the case, then there is no flag being raised either.Comment
-
Originally posted by TheFaQQer View PostYes. You need to declare that part of your work is inside IR35 when you complete your self assessment.
However, if you didn't declare a contract as inside, but paid sufficient in salary and/or pension, it wouldn't really matter, as there would be no more to pay. No?Comment
-
Originally posted by fidot View PostFair enough. Thanks.
However, if you didn't declare a contract as inside, but paid sufficient in salary and/or pension, it wouldn't really matter, as there would be no more to pay. No?Comment
-
I did Friday to Monday. It was meant to be for 3 months "whilst we look for someone else", but turned out to be 15 months before I'd had enough. So that's something to think about.
I thought long and hard, but couldn't find any kind of justification for being outside IR35. I didn't "declare" anything; I've no idea how you would. Just made sure I paid 95% as salary/pension in the tax year I earned it. There's really no point messing about with deemed payments; you won't be any better off for it.Will work inside IR35. Or for food.Comment
-
Originally posted by j66 View PostInteresting. So you mean to say that raising the IR35 issue myself over 2 months of work will perhaps draw unnecessary attention?
."Don't part with your illusions; when they are gone you may still exist, but you have ceased to live" Mark TwainComment
-
So for such a short term why not do it properly and just carry on. Go brolly, do 2 months and then go contracting after that. Doesn't matter who does what, it's your risk and your problem. Comparing other people's situations doesn't really justify your risk.
Maybe fair enough when we know the risks, fallout and so on. But to a tell newbie it's OK to commit evasion/aggressive avoidance, whichever it is, for the sake of two months. Really?'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
-
The thing is, you won't find anything official that says "If thou an employee were, shalt thou inside IR35 be". You'll find a lot of conjecture, and waffle, and most of what you google will lead you back to this forum, but no hard and fast rules that you are breaking. I was tempted, but decided I a) CBA'd, and b) felt it was a good excuse to make some hefty pension contributions which is a much less risky way to avoid tax.
The other thing is, it's April. You don't need to make a decision until either the end of your company year or next April.Will work inside IR35. Or for food.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