Sunday Solutions cold calling

[ASB]

From what I remember, the scheme is based on the premise that as an LLP member, you pay schedule D income tax and Class 2 & 4 NI contributions. So you have to register with HMRC as "Self Employed" and pay your tax and NI accordingly, supposedly saving employers NI etc. Their sales pitch was that this is watertight, legal, blah-de-blah.

But I agree with what you say, this does sound like a whizzy super-secret magic bean approach to me.

It's not watertight from a view of IR35. An LLP can still be an itermediary in terms of the legislation and that contract income assessed as employed income. Whether HMRC would bother is probably moot though because the recovery would be comparatively small.

[jigsaw]

It's not watertight from a view of IR35. An LLP can still be an itermediary in terms of the legislation and that contract income assessed as employed income. Whether HMRC would bother is probably moot though because the recovery would be comparatively small.

Agreed. This is no IR35 magic solution as your "self employed" status could be challenged at any point.

So then what is it? A partnership with your contract income? Nice.

If this were on "Mythbusters" - it would be BUSTED.

[Hiram King Of Tyre]

I missed them. They left a message to call them back but I don't do 0870