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  1. #11
    b r
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    Employees NI and income tax will be withheld from the payment and the agency will forward that to HMRC on your behalf.

    Income tax assessed on a week/month 1 basis - therefore 40% for the majority from Invoice 1?

  2. #12

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    Quote Originally Posted by b r View Post
    Employees NI and income tax will be withheld from the payment and the agency will forward that to HMRC on your behalf.

    Income tax assessed on a week/month 1 basis - therefore 40% for the majority from Invoice 1?
    Income Tax based on the workers tax code as I understand.

  3. #13
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    Quote Originally Posted by Andy Hallett View Post
    Income Tax based on the workers tax code as I understand.
    only if proved to the agency I guess.
    merely at clientco for the entertainment

  4. #14
    b r
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    Income Tax based on the workers tax code as I understand.

    How will anyone know if you're on two contracts or not, until invoices are processed maybe I suppose with RTI?

  5. #15

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    Quote Originally Posted by b r View Post
    Income Tax based on the workers tax code as I understand.

    How will anyone know if you're on two contracts or not, until invoices are processed maybe I suppose with RTI?
    Not relevant if it's based on tax code. You'll be taxed under PAYE + Employers NI for a PS gigs based on your Tax Code, paid via your Ltd in the normal way for non-PS gigs and will have to declare and pay as appropriate on your SATR.

    If you can live on the "salary" from your PS gig then the best bet would be to just leave the non-PS income in the company warchest, or use it to make pension contributions.

    If you have sufficient income to live on from the non-PS gig, or a warchest sufficient to see you though the contract, you could put all the PS salary into a pension, claim tax relief on the contributions via your SATR to reduce your taxable income to 0 and pay divi's out of the company at 7% up to the lower tax limit to live on.
    "Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.

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    Does anyone have any understanding on how liability is passed up the chain?

    i.e We supply a contractor to a consultancy (e.g. CSC), they then put someone onsite at the NHS.

    Does the buck stop with CSC or the agency that supplied to CSC?

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    Quote Originally Posted by DaveB View Post
    Not relevant if it's based on tax code. You'll be taxed under PAYE + Employers NI for a PS gigs based on your Tax Code, paid via your Ltd in the normal way for non-PS gigs and will have to declare and pay as appropriate on your SATR.

    If you can live on the "salary" from your PS gig then the best bet would be to just leave the non-PS income in the company warchest, or use it to make pension contributions.

    If you have sufficient income to live on from the non-PS gig, or a warchest sufficient to see you though the contract, you could put all the PS salary into a pension, claim tax relief on the contributions via your SATR to reduce your taxable income to 0 and pay divi's out of the company at 7% up to the lower tax limit to live on.
    Salary sacrifice via an umbrella would get that down to 20 a week... Pensions are really awkward here so I don't want great detail...
    merely at clientco for the entertainment

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    Quote Originally Posted by Agent View Post
    Does anyone have any understanding on how liability is passed up the chain?

    i.e We supply a contractor to a consultancy (e.g. CSC), they then put someone onsite at the NHS.

    Does the buck stop with CSC or the agency that supplied to CSC?
    don't take this the wrong way but I don't know and being that its agency related rather than contractor related I'm not that concerned.

    Hopefully Andy Hallett will pick up the question and answer it.
    merely at clientco for the entertainment

  9. #19

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    Quote Originally Posted by Agent View Post
    Does anyone have any understanding on how liability is passed up the chain?

    i.e We supply a contractor to a consultancy (e.g. CSC), they then put someone onsite at the NHS.

    Does the buck stop with CSC or the agency that supplied to CSC?
    The liability for duducting is with the payer. In the chain you descibe, that is the agency.

    The liability for determination is with the Public Sector client.

  10. #20

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    Quote Originally Posted by Andy Hallett View Post
    The liability for duducting is with the payer. In the chain you descibe, that is the agency.

    The liability for determination is with the Public Sector client.
    The contractor will be paid by the consultancy (CSC in example), we then pay CSC in turn.

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