Worth starting a ltd company inside IR35?

[eddiegee]

but the whole point of being under an umbrella is the tax benefits it brings isnt it? you would not get that under normal PAYE conditions.

[sathyaram_s]

You mean, expense dispensation ?

but the whole point of being under an umbrella is the tax benefits it brings isnt it?

[facboy]

who said anything about being under PAYE?

expense dispensations bring no tax benefit. it's just a way for the umbrella to reduce their paperwork. contrary to what people may tell you, an expense dispensation does not allow you to claim any and all expenses without a receipt. if hmrc come knocking, you still need the receipts.

[Bluebird]

As had been said on many, many treads before.


YOU CAN ONLY CLAIM EXPENSES FOR EXPENSES WHICH HAVE BEEN INCURRED AND YOU HAVE GOT A RECIEPT FOR - ANYTHING ELSE IS FRAUD.