Wont this also push you out of the small company band for CT tax calcs?
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One Ltd Co with 3 Directors all on different contracts??
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Originally posted by swamp View PostIf you all have a similar skill set then you may be able to substitute each other. This will guarantee you remain outside IR35 (for that contract).Comment
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Originally posted by Pickle2 View PostWont this also push you out of the small company band for CT tax calcs?Comment
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Originally posted by Sockpuppet View PostI thought that was 1.5million?
300,001 to 1,500,000 is between 20% and 30%,
Over 1,500,000 is 30%
For this tax year ending 31/03/2008Comment
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Regarding MSC legislation, my thoughts are - "If walks, quacks and looks like a Duck....." then it is in fact a Duck.
I see no substantive difference between this proposal and the offerings that were outlawed by the likes of Brookson, Filetravel, Paycheck etc.... What would the difference be between thois arrangement and the previously doomed "composite company"?Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by Fred Bloggs View PostRegarding MSC legislation, my thoughts are - "If walks, quacks and looks like a Duck....." then it is in fact a Duck.
I see no substantive difference between this proposal and the offerings that were outlawed by the likes of Brookson, Filetravel, Paycheck etc.... What would the difference be between thois arrangement and the previously doomed "composite company"?"Israel, Palestine, Cats." He Said
"See?"Comment
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Surely (to my eyes) it would be the starting of a small consultancy firm, rather than an accountancy one?Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
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Originally posted by Fred Bloggs View PostI don't totally disagree, I suppose the key would be to show that the consultancy employed people and had a real office where people worke and answered phones, worked on fixed price quotations etc... I get the impression (but could well be wrong) that the OP is looking for a "guaranteed way round IR35" etc.. issues rather than start up a pukka multi-consultancy business? Apologies if I'm wrong on that.Comment
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I reckon with all directors getting different classes of share and being paid divs proportional to the income they individually bring in then this would not be considered a consultancy business in its own right but a vehicle set up to avoid tax. This, in itself, may not be a problem, but I think it is sailing very close to the MSC wind. Who will have responsibility for the company bank account? Would any of the three directors trust the others with this? Would the accountant be able to access it?Comment
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Originally posted by Hex View PostI reckon with all directors getting different classes of share and being paid divs proportional to the income they individually bring in then this would not be considered a consultancy business in its own right but a vehicle set up to avoid tax. This, in itself, may not be a problem, but I think it is sailing very close to the MSC wind. Who will have responsibility for the company bank account? Would any of the three directors trust the others with this? Would the accountant be able to access it?Comment
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