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Do any contractors do their own accounts?

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    #21
    Originally posted by OrangeHopper View Post
    I missed the fact that the VAT FRS is caught by IR35

    How is the FRS caught by IR35?
    Loopy Loo

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      #22
      Any VAT saving made on IR35 caught income must be distributed to you via PAYE as per the IR35 income. If you make a £300 saving in a VAT period, that £300 must paid to you via PAYE.

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        #23
        Originally posted by OrangeHopper View Post
        Any VAT saving made on IR35 caught income must be distributed to you via PAYE as per the IR35 income. If you make a £300 saving in a VAT period, that £300 must paid to you via PAYE.
        Source (purely out of curiosity, I do not operate within IR35)?

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          #24
          Originally posted by lukeredpath View Post
          Source (purely out of curiosity, I do not operate within IR35)?
          Have a look at this thread.

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            #25
            I used to be able to do my own in the pre-IR35 days.

            I have since completely lost the plot and don't stand a cat-in-Hell's chance of working them out. My last couple of accountants haven't helped one little bit; they've left me more confused than ever.
            My all-time favourite Dilbert cartoon, this is: BTW, a Dumpster is a brand of skip, I think.

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