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Suggestion on short term contract what to do...???

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    #11
    Originally posted by hattra
    Umberellas are convenient, but if you only do the one assignment with them, you could get caught for tax
    Eh?

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      #12
      Originally posted by zeitghost
      HMCR can disallow all expenses if you have one gig per umbrella?
      Not heard of that, have you got a link? Not disbelieving you, just a new one for me.

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        #13
        Originally posted by Epiphone
        Not heard of that, have you got a link? Not disbelieving you, just a new one for me.
        If you get a copy of the Inland Revenue booklet 490 (download it from www.hmrc.gov.uk), see paragraph 3.19.

        This basically states that if the site is the only place that you work at whilst operating through a limited company or an umbrella, the travel claims will not be allowed, as the travel is not for a limited duration, it was for all the duration!

        I hope this clears this up!

        Alan

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