Parasol - Anybody Used them?

[dmini]

"

yeah its funny - when you phone them and say why I have I paid tax - and they answer becuase it is illegal not to - goddam standard answers - they are wrong I am right.......

That wasn't my issue though. I had no objection to paying the CORRECT tax. However, they arbitrarily removed my NI allowances, and then tried that argument. When I spoke to the MD he did agree I was right & THEY were wrong

[Billy Pilgrim]

Was chatting to one of their lads last night after footy and raised the issue of the new MSC rules...and how they would affect Parasol.

Interestingly he told me that they are more than happy with them....reckons it'll kill a few of the (shadier) competitors and direct more contractors their way.

Just had a vigourous audit by KPMG (something to do with a takeover) and have just had their dispensations approved by HMRC - making them a fairly kosher lot by the sounds of things.

No idea if they are any good mind you!!!!

[John Galt]

Was chatting to one of their lads last night after footy and raised the issue of the new MSC rules...and how they would affect Parasol.

Interestingly he told me that they are more than happy with them....reckons it'll kill a few of the (shadier) competitors and direct more contractors their way.

Just had a vigourous audit by KPMG (something to do with a takeover) and have just had their dispensations approved by HMRC - making them a fairly kosher lot by the sounds of things.

No idea if they are any good mind you!!!!

As I understood it, and I admit I could be wrong here, but I thought it was the IR who issued the dispensation whatnots to all the umbrella's so it would be a bit unlikely if they weren't approved

[Bigbird]

Interestingly he told me that they are more than happy with them....reckons it'll kill a few of the (shadier) competitors and direct more contractors their way.

Can't see how. No matter how many dispensations they have you still won't be able to claim any expenses under the new rules that you can't claim as a direct employee now, and the white paper SPECIFICALLY outlaws claims for travel to work and subsistence except under very strict guidelines.

I suspect most contractors who are currently working for some of the dodgier outfits (I do work for a few ) because they are in fact exactly what the revenue says and disguising their employment will just bite the bullet and get taken on direct by either the agency or the contractor. Why pay a management fee when it will only reduce your take-home?

The biggest problem I can see for some of my clients tbh is that they will either be laid off or asked to take a pay cut because of the hike in employers NIC that their contractor will have to fork out for.