To be fair i thought the benefit to me would show HMRC i'm more than a one man bamd, and the person in question is an American and might not be in the UK much longer so didn't want to setup there own company. I would be more of doing them a favour. So maybe its not worth it then!
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It's irrelevant, every contract is assessed on its own merits. If you have two contracts you can be in and out of IR35 at the same time.Originally posted by dannywooly77 View PostPublic Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Business don't do people favours, charities do. HTHBIDIOriginally posted by dannywooly77 View PostThe greatest trick the devil ever pulled was convincing the world that he didn't existComment
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The missus makes her living running a business that does people 'favours'.....Originally posted by LondonManc View Post'CUK forum personality of 2011 - Winner - Yes really!!!!
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It's a business decision. Is it a good investment for your business. And even if it's not, so long as you only use it for business purposes, I really can't see an issue.Originally posted by dannywooly77 View Post
If you want a big screen to watch stuff on I recommend a TV projector. 4.5m screen. Watch 2001, Space Odyssey on Bluray on it...
Down with racism. Long live miscegenation!Comment
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Regarding the TV thing, its perfectly legitimate if its something you genuinely need for your business and you're not buying it for any other purpose.
The issue with working from home is if you buy something like a TV that can clearly have a dual purpose, then its likely to raise some eyebrows if HMRC do an inspection - so be prepared to justify its purchase.
Clearly this is much easier to do if you don't work from home and rent an office - you can leave the TV at the office and the question of dual purpose is unlikely to come up.
But if you think its justifiable, then keep some documentation about your current project that you could use to demonstrate to HMRC that it was solely bought for business purposes if the question comes up.
The other thing to bear in mind is that even if you could show that it was bought "wholly and exclusively" for business purposes the asset is still being placed at your disposal so you would also have to show that there is no personal use or that any personal use is "not significant" or you could be liable to a BIK.
TLDR; for an easy life, don't bother, but if you can genuinely justify it then get it.Comment
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Oh and regarding taking on a sub-contractor for a project - no real legal issues I can think of but if you're on the FRS you won't be able to reclaim any VAT they charge you which could take off a big slice of any "profit" you can make from the fee you charge your end client.Comment
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But he's not really is he. He's just trying act like an agent and skim a little off some poor unsuspecting umbrella guy.Originally posted by TheCyclingProgrammer View Post'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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I don't think OP made it clear so I have no idea why they want to do it.Originally posted by northernladuk View Post
EDIT: ok, I missed their subsequent post. Probably not worth bothering with.Comment
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You do a favour only if it strengthens your business.Originally posted by dannywooly77 View Post
For instance, you do this as a favour to your client if they are having trouble filling a need and you know someone who can help out, and it is easier for them if they do it through you. Or you do it as a favour to the guy if he's going to be a contact that is going to help you get contracts down the road.
You CAN do a favour for a personal friend, but just be prepared to have it cost you your own contract and business relationship if things go pear-shaped. If his friendship is worth that risk to you, go for it!Comment
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