PS - Student Loans Company

[radish2008]

Well yes - but you (or rather YourCo) will have been paid gross so will have to give quite a bit of it back, probably back to the start of the contract.

So the agency makes a determination they probably can't make and that causes a penalty to be paid my the contractor ? I thought they paid the penalty and that was why they were putting everyone inside ...

[pr1]

Well yes - but you (or rather YourCo) will have been paid gross so will have to give quite a bit of it back, probably back to the start of the contract.

not if it's not in the contract you won't

[northernladuk]

So the agency makes a determination they probably can't make and that causes a penalty to be paid my the contractor ? I thought they paid the penalty and that was why they were putting everyone inside ...

It isn't a penalty. It's a re-adjustment of the tax situation based on the new information.

[malvolio]

not if it's not in the contract you won't

And how likely is that? 90% of my contracts have contained clauses about indemnifying mis-paid taxes and other liabilities. There's no way that isn't there throughout the whole contractual chain back to the client. At the end of the day, it is your tax that is in dispute, not the clients'' or the agencies'.