Hi folks,
Can anyone offer a definitive answer on what happens if you stay in a contract for more than 2 years? I've spoken to a number of people so far and they all give different answers, such as:
1) You can no longer claim expenses nor claim dividends (i.e. everything has to be PAYE)
2) You can't claim expenses, but everything else stays the same
3) There's no difference after 2 years!
I'm confused! My understanding was that if you know your contract is going to extend over 2 years (which is not the case yet with myself), you're unable to claim expenses, but I've no idea what other, if any, issues there are.
Any help gratefully received.
Thanks,
Mark
Can anyone offer a definitive answer on what happens if you stay in a contract for more than 2 years? I've spoken to a number of people so far and they all give different answers, such as:
1) You can no longer claim expenses nor claim dividends (i.e. everything has to be PAYE)
2) You can't claim expenses, but everything else stays the same
3) There's no difference after 2 years!
I'm confused! My understanding was that if you know your contract is going to extend over 2 years (which is not the case yet with myself), you're unable to claim expenses, but I've no idea what other, if any, issues there are.
Any help gratefully received.
Thanks,
Mark
Comment