Two years rule – contract date

[Mr.Whippy]

I'd say until the contract is signed and sealed you're not aware that its going to be extended even if the client says so. What if it all falls through?

I'd agree with this, whether it's right or wrong I don't know.

Also if the client indicates to you that they want you longer than 2 years but you know 100% that you won't be accepting a further extension that takes you beyond 2 years, what do you do then?

[malvolio]

Yeh but you can take it too far. What if you hear a rumour that you might be extended?

Doesn't mean you know the contract will eb extended

I'd say until the contract is signed and sealed you're not aware that its going to be extended even if the client says so. What if it all falls through?

Not so. Which bit of "as soon as you are aware" are you having problems with?

Potentially you could stop claiming expenses, then 3 months later contract extension falls through so no 24 month rule now. What to do, go back and claim those expenses now?

Of course you do. You haven't broken the 24 month rule so you can claim back the overpaid taxes, if you've actually paid any via your SAR.

I assume you're not one of those who confuses YourCo paying business expenses with you paying tax on expenses as a BIK...?

[northernladuk]

I'd agree with this, whether it's right or wrong I don't know.

Also if the client indicates to you that they want you longer than 2 years but you know 100% that you won't be accepting a further extension that takes you beyond 2 years, what do you do then?

WTF? What are you on about? If you know you are not going to take the extension then you won't be there 2 years will you???

It's all going on this afternoon

[LisaContractorUmbrella]

WTF? What are you on about? If you know you are not going to take the extension then you won't be there 2 years will you???

It's all going on this afternoon

Freaky Friday

[Mr.Whippy]

WTF? What are you on about? If you know you are not going to take the extension then you won't be there 2 years will you???

Sorry, it sounded like good question in my head at the time...

I really must stop drinking on a Friday lunchtime.

[northernladuk]

Sorry, it sounded like good question in my head at the time...

I really must stop drinking on a Friday lunchtime.

Forget that, invite us and get them in. We want some of that!!

[psychocandy]

Doesn't mean you know the contract will eb extended



Not so. Which bit of "as soon as you are aware" are you having problems with?


Of course you do. You haven't broken the 24 month rule so you can claim back the overpaid taxes, if you've actually paid any via your SAR.

I assume you're not one of those who confuses YourCo paying business expenses with you paying tax on expenses as a BIK...?

Just pointing out that 'as soon as you are aware' is pretty vague.

No - no problem with expenses thanks.

[JamJarST]

Just pointing out that 'as soon as you are aware' is pretty vague.

No - no problem with expenses thanks.

How is that vague?? As soon as you are aware seems clear to me.