Originally posted by gingerjedi
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
First batch of HMRC IR35 compliance letters out
Collapse
X
-
-
Originally posted by THEPUMA View PostGiven that there are 3 teams of 12 people, I reckon they will open somewhere in the region of 1,000 - 1,500 enquiries between them per year. So based on an estimated target population of 500,000, I would say your chances of an enquiry are circa 0.2% - 0.3% per year.
There are a few estimated variables in there though and I am happy to be corrected if anyone has any better guesses.
PUMAComment
-
Originally posted by moggy View Postif it was about the money they wouldn't bother going after anyone. the difference if its won and then paid is prob negligible.
Going on past 'victories' (5 out of 1500 last time it was on the PCG site) it's a huge waste of money, not negligible.Science isn't about why, it's about why not. You ask: why is so much of our science dangerous? I say: why not marry safe science if you love it so much. In fact, why not invent a special safety door that won't hit you in the butt on the way out, because you are fired. - Cave JohnsonComment
-
IMHO this is not about winning in court but about scaring people into playing it safe. That makes them a great deal.Comment
-
Originally posted by THEPUMA View PostGiven that there are 3 teams of 12 people, I reckon they will open somewhere in the region of 1,000 - 1,500 enquiries between them per year. So based on an estimated target population of 500,000, I would say your chances of an enquiry are circa 0.2% - 0.3% per year.
There are a few estimated variables in there though and I am happy to be corrected if anyone has any better guesses.
PUMA"The budget should be balanced, the Treasury should be refilled, public debt should be reduced, the arrogance of officialdom should be tempered and controlled, and the assistance to foreign lands should be curtailed lest Rome become bankrupt. People must again learn to work, instead of living on public assistance." CiceroComment
-
Originally posted by Bumfluff View Post+ the 2.5k public services contractors who have already had there details passed over to HMRC.Comment
-
Spectacular missing the point here. HMRC know they'll frighten more contractors into brollies or deeming themselves caught than the number of investigations they'll open.
That is what this is about, getting as many contractors into brollies, paying more tax either via that vehicle or self deeming IR35 caught rather than wasting manpower investigating ltd co's.I couldn't give two fornicators! Yes, really!Comment
-
Originally posted by BlasterBates View PostOne strategy would be to pay yourself not the minimum salary say 20 grand a year, sure you pay some extra NIC's but I bet you have a good chance of getting off the target list, and you still save a lot of NI.
Also I reckon the idea floated of several contractors in a co. would help, means your company profile is more like a normal co.
I presume they look for one man co's earning minimum salary.
Anyway these would be options if the new IR35 regime proved to be a problem.Comment
-
Originally posted by BolshieBastard View PostSpectacular missing the point here. HMRC know they'll frighten more contractors into brollies or deeming themselves caught than the number of investigations they'll open.
That is what this is about, getting as many contractors into brollies, paying more tax either via that vehicle or self deeming IR35 caught rather than wasting manpower investigating ltd co's.Comment
-
Originally posted by LisaContractorUmbrella View PostI think you are right, in a way, HMRC don't really like the idea of 'contractors' in general - they seem to think that there are 2 boxes, one for people who are employed by big companies and big companies and if you don't fit in either category you are fair game.
Now every numpty and his dog is piling in we see more posts now from people that want to go umbrella because they can't be bothered with the hassle. That alone would tell me (if I were HMRC) things have changed in contracting and it needs re-looking at.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment