Inside IR35 but Ltd Co

[TheFaQQer]

Don't use terms like 'computing' or 'Consulting' in your co name. They specifically target such names.

I think that they are more likely to target companies based on your SIC rather than the name that you give your company.

Please provide links to backup your evidence.

[Turion]

They sort by the SIC first then by other factors including co name. Having fancy and or computing type names rasies your profile. Faqqer, what's your co name BTW?

Want proof? As I said b4, I go by actual facts and what is more proof than the example of 'DragonFly Consulting'. Now if I were a Tax inspector, this name would jump out at me by a mile. Dragonfly Consulting what a juicy morsel this must be. Indeed it was and Gordo trousered 99K from this one.

To sum up: HRMC is the predator, the 1 man Ltd is the prey. Stay low and inconspicuous.

[Ardesco]

They sort by the SIC first then by other factors including co name. Having fancy and or computing type names rasies your profile. Faqqer, what's your co name BTW?

Want proof? As I said b4, I go by actual facts and what is more proof than the example of 'DragonFly Consulting'. Now if I were a Tax inspector, this name would jump out at me by a mile. Dragonfly Consulting what a juicy morsel this must be. Indeed it was and Gordo trousered 99K from this one.

To sum up: HRMC is the predator, the 1 man PSC is the prey. Stay low and inconspicuous.

No such thing as a PSC it lacks a legal definition, stop giving them more ammo for free!!!

I would also disagree with the fact that shutting down the company makes you immune, it may reduce your chances of being investigated, but it definitely will not make you immune.

[TheFaQQer]

They sort by the SIC first then by other factors including co name. Having fancy and or computing type names rasies your profile. Faqqer, what's your co name BTW?

Want proof? As I said b4, I go by actual facts and what is more proof than the example of 'DragonFly Consulting'. Now if I were a Tax inspector, this name would jump out at me by a mile. Dragonfly Consulting what a juicy morsel this must be. Indeed it was and Gordo trousered 99K from this one.

To sum up: HRMC is the predator, the 1 man PSC is the prey. Stay low and inconspicuous.

My company name is not something that I am disclosing on here.

It does not feature the word Consulting, Computing, Solutions, Systems or anything like that, because the company does more than one thing, of which IT is just the main bit. It also gives me the flexibility to do anything different in the future that is non-IT related.

What's a PSC, by the way????

[Turion]

What's a PSC, by the way????

Dunno, meant LTD. Must have slipped on the keyboard

[wildkat]

Sorry to resurrect an old thread but this one got me thinking.

I just started my Ltd and am searching for my first contract, I never plan to do a contract over 6 months, average contract is likely to be 3 months.
Also I plan to get the contracts checked for IR35 and amended if possible. Though even if they are inside IR35 then I will probably disclose them as outside. I understand the majority of investigation cases are for larger contracts, so my question is this, is what I am planning on doing consistent with other contractors here on the forum?

[wildkat]

...anyone?

[Gonzo]

Sorry to resurrect an old thread but this one got me thinking.

I just started my Ltd and am searching for my first contract, I never plan to do a contract over 6 months, average contract is likely to be 3 months.
Also I plan to get the contracts checked for IR35 and amended if possible. Though even if they are inside IR35 then I will probably disclose them as outside. I understand the majority of investigation cases are for larger contracts, so my question is this, is what I am planning on doing consistent with other contractors here on the forum?

So, what you are saying is, that even if you are advised that you should be paying taxes under IR35, then you are going to ignore that and not pay them?

That is tax evasion and can land you in jail......