+ Reply to Thread
Page 3 of 9 FirstFirst 1 2 3 4 5 ... LastLast
Posts 21 to 30 of 81
  1. #21

    Double Godlike!

    malvolio's Avatar
    Join Date
    Jul 2005
    Location
    Walking in the garden, dreaming of Olivia...
    Posts
    10,104
    Thanks (Given)
    0
    Thanks (Received)
    182
    Likes (Given)
    4
    Likes (Received)
    645

    Default

    Quote Originally Posted by TheFaQQer View Post
    SJD also do a contractors guide, which is good.
    As do CUK, if you look over on the right. The most authoratative and unbiased one though is http://www.pcg.org.uk/cms/index.php?...759&Itemid=321, which was written by the experts.
    Blog? What blog...?

  2. #22

    Nervous Newbie


    Join Date
    Feb 2008
    Posts
    3
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Cool info on umbrella companies

    Can somebody help me here....... I am thinking of working in Saudi Arabia for an English based agency and will get paid into an English a/c. I have an NT code from revenue. Does IR35 affect me? I was thinking of getting an English umbrella company. What can I claim for and what tax implications do I have. Do I need to pay NI?
    Tks

  3. #23

    Nervous Newbie


    Join Date
    Jul 2007
    Posts
    12
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    So it seems that unless you are claiming expenses, then it is not worth joining an umbrella company?

    And that you must pay the same amount of tax as you would direct with the agency?

    Is this how umbrellas work?

    Thanks

  4. #24

    Contractor Among Contractors

    Cowboy Bob's Avatar
    Join Date
    Jul 2005
    Posts
    1,692
    Thanks (Given)
    0
    Thanks (Received)
    0
    Likes (Given)
    0
    Likes (Received)
    0

    Default

    Quote Originally Posted by multiuk View Post
    So it seems that unless you are claiming expenses, then it is not worth joining an umbrella company?
    The amount of expenses you can claim through an umbrella are exactly the same as those you can claim if you work via any other vehicle. If the umbrella tell you anything else, they are lying. Most will use their dispensation as an advertising point - you need to be very aware that the dispensation applies to them, not to you, and that all it means is that they don't have to record the expenses on their P11D form, it is not free money from Gordon Brown (as if he'd ever give money away) - this is very misleading, but nearly all of them try it on.

  5. #25
    ASB
    ASB is offline

    Godlike


    Join Date
    Jul 2005
    Location
    Somerset
    Posts
    5,419
    Thanks (Given)
    49
    Thanks (Received)
    87
    Likes (Given)
    556
    Likes (Received)
    205

    Default

    Quote Originally Posted by Cowboy Bob View Post
    The amount of expenses you can claim through an umbrella are exactly the same as those you can claim if you work via any other vehicle. If the umbrella tell you anything else, they are lying. Most will use their dispensation as an advertising point - you need to be very aware that the dispensation applies to them, not to you, and that all it means is that they don't have to record the expenses on their P11D form, it is not free money from Gordon Brown (as if he'd ever give money away) - this is very misleading, but nearly all of them try it on.
    As it happens a mate has just joined an umbrella for some agency work he is doing. He asked me about this and they were absolutely crystal about the 5 quid over night allowance etc. They said meals paid for at cost, up to x. So they are not all bad.

  6. #26

    Faqqed Off

    TheFaQQer's Avatar
    Join Date
    Oct 2006
    Posts
    35,642
    Thanks (Given)
    360
    Thanks (Received)
    1200
    Likes (Given)
    3487
    Likes (Received)
    2995

    Default

    Quote Originally Posted by ASB View Post
    As it happens a mate has just joined an umbrella for some agency work he is doing. He asked me about this and they were absolutely crystal about the 5 quid over night allowance etc. They said meals paid for at cost, up to x. So they are not all bad.
    5 is allowed if you are working away from home and staying overnight. It's more if you are staying overseas.

    Anything else has to be as incurred, and in line with HMRC guidelines / legislation.
    Best Forum Advisor, 2014
    Work in the public sector? You can read my FAQ here
    Click here to get 15% off your first year's IPSE membership

  7. #27
    ASB
    ASB is offline

    Godlike


    Join Date
    Jul 2005
    Location
    Somerset
    Posts
    5,419
    Thanks (Given)
    49
    Thanks (Received)
    87
    Likes (Given)
    556
    Likes (Received)
    205

    Default

    Quote Originally Posted by TheFaQQer View Post
    5 is allowed if you are working away from home and staying overnight. It's more if you are staying overseas.

    Anything else has to be as incurred, and in line with HMRC guidelines / legislation.
    10 in those circumstances.

    My point was that whilst in general we repeat ad nauseum "you've got to spend it - this is what the brolly doesn't say" this particulalr brolly also take that line.

  8. #28

    Faqqed Off

    TheFaQQer's Avatar
    Join Date
    Oct 2006
    Posts
    35,642
    Thanks (Given)
    360
    Thanks (Received)
    1200
    Likes (Given)
    3487
    Likes (Received)
    2995

    Default

    Quote Originally Posted by ASB View Post
    10 in those circumstances.

    My point was that whilst in general we repeat ad nauseum "you've got to spend it - this is what the brolly doesn't say" this particulalr brolly also take that line.
    Indeed - name and praise!!
    Best Forum Advisor, 2014
    Work in the public sector? You can read my FAQ here
    Click here to get 15% off your first year's IPSE membership

  9. #29
    ASB
    ASB is offline

    Godlike


    Join Date
    Jul 2005
    Location
    Somerset
    Posts
    5,419
    Thanks (Given)
    49
    Thanks (Received)
    87
    Likes (Given)
    556
    Likes (Received)
    205

    Default

    Quote Originally Posted by TheFaQQer View Post
    Indeed - name and praise!!
    Bit irrelevant really because they are unrelated to IT, also my experience is simply second hand. I've only seen the documentation they provide and not the reality of the service which may of course differ.

  10. #30

    Super poster


    Join Date
    Aug 2008
    Location
    South East
    Posts
    2,379
    Thanks (Given)
    65
    Thanks (Received)
    12
    Likes (Given)
    937
    Likes (Received)
    37

    Default

    Quote Originally Posted by Cowboy Bob View Post
    The amount of expenses you can claim through an umbrella are exactly the same as those you can claim if you work via any other vehicle. If the umbrella tell you anything else, they are lying. Most will use their dispensation as an advertising point - you need to be very aware that the dispensation applies to them, not to you, and that all it means is that they don't have to record the expenses on their P11D form, it is not free money from Gordon Brown (as if he'd ever give money away) - this is very misleading, but nearly all of them try it on.
    Is this true? If so how do I persuade my umbrella to allow me:
    1) expenses for a home office when working from home
    2) interview expenses?

    Cheers

+ Reply to Thread
Page 3 of 9 FirstFirst 1 2 3 4 5 ... LastLast

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts

Content Relevant URLs by vBSEO 3.6.0 ©2011, Crawlability, Inc.