Originally posted by simes
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Advice needed re parking fees
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Sorry, I'm not trying to be argumentative, I just genuinely don't follow. Anyone being paid via a brolly is being paid via PAYE. IR35 is utterly irrelevant to anyone being paid via PAYE. There is no "inside" or "outside". -
I can only go by the above link and quoted paragraphs. If they are incorrect, then we should take them round the back and give'em a good kicking.Originally posted by Amanensia View PostSorry, I'm not trying to be argumentative, I just genuinely don't follow. Anyone being paid via a brolly is being paid via PAYE. IR35 is utterly irrelevant to anyone being paid via PAYE. There is no "inside" or "outside".
As before, I have never 'gone' via brolly so am only paraphrasing.Comment
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FTFYOriginally posted by simes View Post
I have never 'gone' via brolly so am just guessingSee You Next TuesdayComment
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Is a village missing you somewhere ?Originally posted by simes View PostI don't disagree. But people do it. Hence the response to cover both options.
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I get the feeling Simes will never admit to bring clueless or wrong - and start pulling other wrong peoples posts
Man up man and withdraw
If I’m wrong I say so, man up
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A rare wit. Thanks for your input.Originally posted by Lance View PostFTFY
Paraphrasing the bloody link and paragraphs. Read'em and let me know thoughts.Comment
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You are completely wrong. The 5% applies only if you have an inside IR35 contract with the private sector and operate via your own limited company. The limited company (until April 2020) can deduct travel and subsistence expenses, and 5% of the remainder before calculating the NI due for that caught contract.Originally posted by simes View PostAnyway, subsequent to GoT being added to the Ignore list, and subsequent to some digging.
1. If via a Brolly and Outside IR35, 5% rings true
2. If via a Brolly and Inside IR35, there are no Expenses allowable, 5% or otherwise.
Pertinent to the initial post, MDavies does not tell us whether his contract is inside or outside.
Can IR35 contractors still work through a limited company? | Crunch.
If you go through a brolly there is no 5%.Down with racism. Long live miscegenation!Comment
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Oh crap!Originally posted by NotAllThere View PostYou are completely wrong. The 5% applies only if you have an inside IR35 contract with the private sector and operate via your own limited company. The limited company (until April 2020) can deduct travel and subsistence expenses, and 5% of the remainder before calculating the NI due for that caught contract.
If you go through a brolly there is no 5%.
Someone please delete all I've said here. What an unfortunate crock.
Sorry.
I seem to have had memories of previous brolly law. Quoting from a Travel thread, ladymuck says;
Totally out of date...When I last used an umbrella, I would fill in an expenses sheet with receipts and that would be shown on my payslip as an in and out transaction but they would be pre-tax deduction, post-tax addition (or some such, the terminology escapes me). So, you would effectively not have any extra cash in your pocket but you didn't pay tax on that portion of your day rate.Last edited by simes; 15 November 2019, 15:54.Comment
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While you are at it could you delete the other 574 load of old crock as well please.Originally posted by simes View PostOh crap!
Someone please delete all I've said here. What an unfortunate crock.
Sorry.'CUK forum personality of 2011 - Winner - Yes really!!!!
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OP's employer is their umbrella. They aren't providing parking for the OP. OP is paying out of their own pocket to pay at the end client's site. It's not the same thing.Originally posted by Old Greg View PostI thought that parking provided by employers isn't a BIK.
A better analogy would be an employee whose employer does not provide any parking so they have to pay to park in a private car park near their office each day. This would not be a tax-deductible expense either.Comment
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