Been booted off FRS - but turnover <£225k.

[d000hg]

What is probably happening is he has a few clients - If that is the case then there is nothing stopping him from asking clientA to pay CompanyX and ClientB to pay CompanyZ

How many clients are you charging £600/day to at the same time?
Maybe he's a 'proper' company with multiple people charged out, but then why doesn't he go ask somewhere else like a business forum, where people will know more about this stuff... few individual contractors will be anywhere near £225k since that's about £1100/day, which implies a day rate of £900+. Some here might know, but a proper business forum is more likely to help.

[Nixon Williams]

Whats stopping you starting a new company? Apply for FRS as normal - If you are invoicing 225K a year why dont you have two separate companies so that they each have 115K

VAT rules prevent this arrangement, otherwise it would be common place.

The VAT people will effectively treat the two businesses as one, assuming that they are in the same ownership.

This is not an area I would suggest you go down.

Alan

[cojak]

DeludedAussie is not a contributor to trust, in fact his name just about says it all.

[Clippy]

DeludedAussie is not a contributor to trust, in fact his name just about says it all.

I believe, it's actually our friend joey122 who has consistently plagued these boards in one incarnation or another.

To those un-familiar with him, do a search for 'Murex' to find his previous posts and you will have an additional measure of his stupidity.

[northernladuk]

I believe, it's actually our friend joey122 who has consistently plagued these boards in one incarnation or another.

To those un-familiar with him, do a search for 'Murex' to find his previous posts and you will have an additional measure of his stupidity.

We need an additional measure???