Driver - Ltd Co
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    Default Driver - Ltd Co

    Hi all.
    New class 1 driver here.
    Can I use a limited company to get a better pay / expenses?
    Thanks!

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    Default

    Well, that depends.

    You'll find a lot of answers to your questions within the CUK website.

    On the right you'll find CUK Navigation. >>>>>>>>>

    Look down and you'll come to the First Timers section. Have a read through there.

    Umbrella or Ltd? Look here: Setting up your company - Ltd or Umbrella?

    Basic expenses questions answered here: Contractor Expenses - How to claim Travel and other expenses via Limited Company or Umbrella

    Then pay particular attention to IR35.

    And here are the rules when using company credit cards: http://www.hmrc.gov.uk/payerti/exb/a-z/c/cards.htm

    If you go into the Accounting/Legal forum you'll discover the thread Basic advice when running your own contractor business.

    Guide to Contracts also has some good articles.

    Do you want advice on the state of the contract market for your specialism/location? Have a look at this website; it will answer most if not all of your questions: http://www.itjobswatch.co.uk

    And finally - accountant recommendations - Ta-da!

    Happy reading!

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    northernladuk is a fount of knowledge

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    Default

    Amazing what you can find when you type 'driver limited company' in to this new fangled website thing I found. Goggle or boogle or something like that.
    'CUK forum personality of 2011' - Winner - Yes really!!!!

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    Default

    Thanks Cojak - much appreciated! I think it's around the IR35 thing. I'm not an owner / operator so it's more to find out if I can go limited in the first place.

    Quote Originally Posted by cojak View Post
    Well, that depends.

    You'll find a lot of answers to your questions within the CUK website.

    On the right you'll find CUK Navigation. >>>>>>>>>

    Look down and you'll come to the First Timers section. Have a read through there.

    Umbrella or Ltd? Look here: Setting up your company - Ltd or Umbrella?

    Basic expenses questions answered here: Contractor Expenses - How to claim Travel and other expenses via Limited Company or Umbrella

    Then pay particular attention to IR35.

    And here are the rules when using company credit cards: http://www.hmrc.gov.uk/payerti/exb/a-z/c/cards.htm

    If you go into the Accounting/Legal forum you'll discover the thread Basic advice when running your own contractor business.

    Guide to Contracts also has some good articles.

    Do you want advice on the state of the contract market for your specialism/location? Have a look at this website; it will answer most if not all of your questions: http://www.itjobswatch.co.uk

    And finally - accountant recommendations - Ta-da!

    Happy reading!

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    Default

    Can't find that from my cave, sorry 🙄

    Quote Originally Posted by northernladuk View Post
    Amazing what you can find when you type 'driver limited company' in to this new fangled website thing I found. Goggle or boogle or something like that.

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    He'll be back to tell you off for putting the quote at the bottom of your answer if you aren't careful...

    Quote Originally Posted by NewToContracting1975 View Post
    Can't find that from my cave, sorry 🙄
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    Some things in Moderation

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    Quote Originally Posted by TheFaQQer View Post
    He'll be back to tell you off for putting the quote at the bottom of your answer if you aren't careful...
    Not if he wants to stay in the playground, he won't...

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    TripleIronDad

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    Quote Originally Posted by NewToContracting1975 View Post
    Can't find that from my cave, sorry 🙄
    No CUK poster is official until they have been insulted by NLUK!

    A very warm welcome....
    Katy Perry - don't be afraid to catch feels. Taylor Swift - feels $1 a go.

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    Default

    Thanks all. I did check google but there's that much info and not all date stamped so I'm not sure what's current / accurate.
    I'd heard about IR35 and some folk were saying I couldn't go limited if I didn't own my rig...hence asking here.
    Not sure if there's different rules when you work through an agency? I'd definitely prefer limited as it seems relatively painless and the pay's better. I just wasn't sure if the rules stopped me from doing it...

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