Some things in Moderation
My post count is Majestic
More time posting than coding
I am now being required to submit self assessment and they are really hesitant to provide the info I need. A particular issue for me was that they pay via NMW plus loan top up. This then puts you on the NHRC self assessment radar. When however you need the amount of the loan for your self assessment return, they say that you dont need this as it is not taxable. This is clearly incorrect info as HMRC have told me that it is classed as a benefit in kind and thus there is tax to pay on an imaginary interest that would have been paid (if the loan was via a bank).
The info should have been on the P60. Problem with this is that I did not get a P60 from them.
This then causes problems with submitting your self assessment and can lead to fines for late submissions.
I can't speak about the other company you mention but in general, this type of scheme is now much less popular than it was only a few months ago due to HMRC activity. The previous company I used (IQ Contracts) has now stopped offering contractor services altogether. Not ceased trading as ...... but now trading as...... but a total stop.
We just have to face up to facts. HMRC has us well on the radar and is coming for us thick and fast. Proceed with caution!