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New Ltd Co & New Equipment Purchase

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    New Ltd Co & New Equipment Purchase

    Ok myLTDCo is now Kosher. If I go and purchase new equipment i.e laptop and company mobile phone, both in co's name. And my next contract is in the grey area of possibly being inside IR35 could i be in trouble if i claimed back those purchases even if they happened prior to the IR35 contract?
    Last edited by pleomax; 26 November 2008, 06:09. Reason: Spelling
    Pleomax

    This is an unusual paragraph. I'm curious as to just how quickly you can find out what is so unusual about it. It looks so ordinary and plain that you would think nothing was wrong with it. In fact, nothing is wrong with it! It is highly unusual though. Study it and think about it, but you still may not find anything odd. But if you work at it a bit, you might find out. Try to do so without any coaching!

    #2
    Probably. Why don't you just make sure that the next contract is outside of IR35?
    And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster.

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      #3
      Easier said then done i believe!

      One of the reasons I am looking to purchase said hardware, so I can put a tick in that box of using my own equipment on the clients site.

      I just hate being put next to the wingy permie
      Last edited by pleomax; 10 November 2008, 15:11. Reason: to explain
      Pleomax

      This is an unusual paragraph. I'm curious as to just how quickly you can find out what is so unusual about it. It looks so ordinary and plain that you would think nothing was wrong with it. In fact, nothing is wrong with it! It is highly unusual though. Study it and think about it, but you still may not find anything odd. But if you work at it a bit, you might find out. Try to do so without any coaching!

      Comment


        #4
        Erm, no. Just have it reviewed by one of the PCG preferred legal teams and get IR35 insurance. I think you'll find pretty much everyone here is operating outside of IR35.
        And the lord said unto John; "come forth and receive eternal life." But John came fifth and won a toaster.

        Comment


          #5
          You make it sound so easy.

          What is the average time frame on getting that done?

          The last two contracts i have been on have been rush rush and didnt get the first one until the day befoer i was meant to be on site.

          People mangeto get these things all in? Or am I still thinking like a permie (Only been contracting for 6 months).
          Pleomax

          This is an unusual paragraph. I'm curious as to just how quickly you can find out what is so unusual about it. It looks so ordinary and plain that you would think nothing was wrong with it. In fact, nothing is wrong with it! It is highly unusual though. Study it and think about it, but you still may not find anything odd. But if you work at it a bit, you might find out. Try to do so without any coaching!

          Comment


            #6
            Originally posted by pleomax View Post
            You make it sound so easy.

            What is the average time frame on getting that done?

            The last two contracts i have been on have been rush rush and didnt get the first one until the day befoer i was meant to be on site.

            People mangeto get these things all in? Or am I still thinking like a permie (Only been contracting for 6 months).
            You tell the agency to give you the contract a few days before the contract starts, or you won't set foot onsite until the contract has been checked and agreed. If they refuse to do it, tell them that you will respectfully turn the role down. If you have the clients details, drop him a letter apologising and tell them why you had to turn the role down.
            If your company is the best place to work in, for a mere £500 p/d, you can advertise here.

            Comment


              #7
              Yes ok makes sense.

              I still have a permie head on for 40% of the time and the other 60% i am sleeping

              so got to get myself over to PCG then, well that will keep me busy this evening then no watching Eastenders for me!


              And thank you for the replies, I thought I was going to need my heat proof under pants then!
              Pleomax

              This is an unusual paragraph. I'm curious as to just how quickly you can find out what is so unusual about it. It looks so ordinary and plain that you would think nothing was wrong with it. In fact, nothing is wrong with it! It is highly unusual though. Study it and think about it, but you still may not find anything odd. But if you work at it a bit, you might find out. Try to do so without any coaching!

              Comment


                #8
                Originally posted by b0redom View Post
                Probably. Why don't you just make sure that the next contract is outside of IR35?
                There's no such thing! Only HMRC \ SC can decide if a contract is outside IR35. Everything else is just an opinion.
                I couldn't give two fornicators! Yes, really!

                Comment


                  #9
                  Originally posted by pleomax View Post
                  Easier said then done i believe!

                  One of the reasons I am looking to purchase said hardware, so I can put a tick in that box of using my own equipment on the clients site.

                  I just hate being put next to the wingy permie
                  Doesn't work like that.

                  Loads of companies don't allow you to use your own equipment on site or linked to certain things on their network due to security reasons.

                  However as you are a limited and need equipment so you can get new clients because your old equipment is knackered, can't be carted around etc then you may have a business case for purchasing it.
                  "You’re just a bad memory who doesn’t know when to go away" JR

                  Comment


                    #10
                    Originally posted by SueEllen View Post
                    Loads of companies don't allow you to use your own equipment on site or linked to certain things on their network due to security reasons.
                    True - so far, I've worked with one, both as a contractor and as a consultant before that.
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