Originally posted by LA1
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Paying too much salary?
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Originally posted by Lewis View PostNot opting out = IR35 caught. That's a new one. Sounds fishy to me.Comment
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Originally posted by LA1 View PostYou realise that by OPTING IN you automatically give yourself employee status for every contract ie you will fall INSIDE IR35 regardless of the contract wording. If you want employment rights then you are an EMPLOYEE. Dividends are therefore illegal and if you are investigated you will be fined and have to pay all tax and NI on your dividends. Surely your accountant advised you of this??ǝןqqıʍComment
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Originally posted by Archangel View PostI know this has been done to death before, but here is my 0.02 worth.
1) The 12k difference will cost you approx £2400 net a year (N.I), so if you would prefer to give Gordon and his bunch this extra each year then continue on your current course.
I've been advised I can drop my salary from £18k to £12k. And this is what I will do. What tax saving have I now made? About a grand?
thanks for all your contributions in this debateComment
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