The Pay Hub

[Saphirex]

Hi there,

I usually use an umbrella company but as I work overtime and have additional expenses not covered by the dispensation package I am looking to put through smaller invoices in through www.thepayhub.co.uk.

Hub Management Ltd.

This way I can write off some capital costs and then bank it and pay the taxes owning when the tax is due. Does anyone have any info on these guys. Seems strange that they do not have a proper phone number yet are advertising on major contracting sites?

S

[Hex]

Their website looks a little basic. It seems to be that they are operating as a Limited Company which pays its contractors as self employed. This fulfills the client/agency requirement of not paying you as self employed because they would be liable for any taxes you didn't pay. For their service they are taking 5% of your invoice amount.

This would suggest they are taking a risk that you do pay your self employed taxes correctly otherwise HMRC will come after then.

I've not seen anything like this before. I would be very cautious.

[Crossroads]

expenses not covered by the dispensation package

[WindyAnna]

Hi there,

I usually use an umbrella company but as I work overtime and have additional expenses not covered by the dispensation package I am looking to put through smaller invoices in through www.thepayhub.co.uk.

Hub Management Ltd.

This way I can write off some capital costs and then bank it and pay the taxes owning when the tax is due. Does anyone have any info on these guys. Seems strange that they do not have a proper phone number yet are advertising on major contracting sites?

S

Smells like spam!

[WindyAnna]

I got a spammage to my client site e-mail address from these lot today and I am far from happy about it ... also no idea where they would have got my client site e-mail address from as I do not use it except for client related stuff. Having said that my old chums at P4 had my client e-mail address so maybe it is in some way related to those nice people?!?

[LisaContractorUmbrella]

Apparantly contractors can take home 95% of their earnings and benefits include:

No PAYE
No National Insurance
Nothing deducted at source
No upper limit on business expenses and MSC and IR35 compliant.

If I have understood correctly you pay this Isle of Man company 5% of your earnings and then sort out your own tax

[TheFaQQer]

Apparantly contractors can take home 95% of their earnings and benefits include:

No PAYE
No National Insurance
Nothing deducted at source
No upper limit on business expenses and MSC and IR35 compliant.

If I have understood correctly you pay this Isle of Man company 5% of your earnings and then sort out your own tax

Wow - why isn't everyone doing this?

Is there some kind of catch somewhere?

I think I'll jump in anyway - thanks for the tip, Lisa!!

[swamp]

The Hay Pub?

Don't know it.

[LisaContractorUmbrella]

Wow - why isn't everyone doing this?

Is there some kind of catch somewhere?

I think I'll jump in anyway - thanks for the tip, Lisa!!

My thoughts exactly Faqqer - 50/50?

[TheFaQQer]

My thoughts exactly Faqqer - 50/50?

I'd love to, but the though of losing all the money I can claim back with my magic dispensation means that I'd be worse off through this one