Originally posted by eek
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Lost at sea...Inside IR35.what % should I expect to take home?
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Originally posted by Brummie View PostOne thing I learned during the process, is that few umbrella companies said that I can claim expenses etc upon submission of receipts. But they also said, I need to workout and tell them a fixed number as an expense ahead. This number is fixed and cannot be changed. That fixed amount will be deducted and any balance will be kept by the umbrella. For e.g. if you project your monthly expense as £1000, umbrella will deduct this and pay you based on your receipts. If your receipts are worth £400, you will be deducted £1000, you get paid £400, the balance £600 would be taken by them. I guess they call it as fixed expense model or something. But I felt it was bit fishy, so didn't go with that option.Comment
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Originally posted by lucycontractorumbrella View PostThis sounds like a normal day in the office for me - same old conversation, I have this is on repeat!merely at clientco for the entertainmentComment
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Originally posted by eek View PostI just wish I knew what the solution was. Holding agencies responsible for any lost tax feels like just about the only option.Comment
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Originally posted by lucycontractorumbrella View PostHMRC providing some definitive guidelines and approval for umbrella's might be a start, rather than a "sorry we cannot advise on whether this way of operating is compliant or not" answer - but then again pigs have a better chance of flying!merely at clientco for the entertainmentComment
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Originally posted by lucycontractorumbrella View PostHappy to have a chat and explain it to you kysto.
Thanks, As i said nothing is on concrete yet but should it be, I'll be in touch.Comment
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