Using PSC with inside IR35 PS contract

[psychocandy]

Of course, ALL income now gets taxed.

So, in effect, company makes £0 profit. So where does the money for business expenses come from? Its got to be paid personally (i.e. taxed). Stupid stupid idea.

So much for paying "taxs as a permie" - I now have to pay out more than a permie!

[TheFaQQer]

A point that has been made time and time again. Including in the FAQ about Public Sector IR35.

[SimonMac]

Of course, ALL income now gets taxed.

So, in effect, company makes £0 profit. So where does the money for business expenses come from? Its got to be paid personally (i.e. taxed). Stupid stupid idea.

So much for paying "taxs as a permie" - I now have to pay out more than a permie!

[MrMarkyMark]

Of course, ALL income now gets taxed.

So, in effect, company makes £0 profit. So where does the money for business expenses come from? Its got to be paid personally (i.e. taxed). Stupid stupid idea.

So much for paying "taxs as a permie" - I now have to pay out more than a permie!

[northernladuk]

A point that has been made time and time again. Including in the FAQ about Public Sector IR35.

And the point that most of PC's question are answered in that link has had to be made far too many times now.

PC read the feckers before you moan.