Originally posted by escapeUK
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Expenses - I don't believe this
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Originally posted by moggy View PostYour points don't prove everyone is outside IR35, just that HMRC have hardly investigated anyone.
What the stats actually show is that the odds on being shafted by IR35 are very low.
So "very low odds" versus "everyone is outside IR35".Comment
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I think we are all taking the everyone as bit literal, especially when the next bit of what I said was, if not change to a different contract.
But given that 0.00023% are investigated to me thats close enough to everyone.Comment
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Originally posted by escapeUK View PostSo 322 out of 1.4 million, which generated very little tax as most were lost by HMRC and proved to be outside.
So which bit of everyone dont you agree with.
I also disagree with the PCG's spin that IR35 doesn't net very much for the government. The threat of IR35 causes people to comply with the rules and a lot of people who would be borderline cases choose to not bother with the hassle of incorporation and go through an umbrella where they can have a nice quiet life with little risk of a tax investigation hanging over their heads...Free advice and opinions - refunds are available if you are not 100% satisfied.Comment
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Originally posted by escapeUK View PostI think we are all taking the everyone as bit literal, especially when the next bit of what I said was, if not change to a different contract.
But given that 0.00023% are investigated to me thats close enough to everyone.Comment
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Originally posted by LisaContractorUmbrella View PostBut the yield to the revenue from those investigations was £5,442,299.00 or almost £17k per person. Also the IR35 status declaration is now mandatory on the self-assessment form and if you claim to be outside you'll have to prove it as I understand things so I can't help thinking that, in one foul swoop, our friends at HMR&C have made their investigations easier and quicker. Therefore the chances of there being far more moving forward are quite high.Comment
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Originally posted by LisaContractorUmbrella View PostBut the yield to the revenue from those investigations was £5,442,299.00 or almost £17k per person. Also the IR35 status declaration is now mandatory on the self-assessment form and if you claim to be outside you'll have to prove it as I understand things so I can't help thinking that, in one foul swoop, our friends at HMR&C have made their investigations easier and quicker. Therefore the chances of there being far more moving forward are quite high.
"More than 500 PCG members have been put through these investigations, which can be extremely stressful, time-consuming and costly, not to mention damaging to client contractor relationships. All but three of them were found to be outside the IR35 rules. We have to ask whether this dogged pursuit of freelance contractors and small business owners is justified. How much is each investigation costing the taxpayer and how much extra tax does it yield?"
They can target as many investigations as they like, but with only 0.006% success rate it makes more sense to try and make people feel nervous and therefore use an umbrella voluntarily despite the risks being minuscule. I think my everyone stance is justified.Comment
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Originally posted by abbeyit View PostI am on a 3 month contract and it was exteded by a further 7 weeks. I travel to different sites every week from Swindon in the south to Aberdeen in the north and today I received this from my umbrella company.
"As you have only been engaged on one assignment whilst in our employment HMRC now regard the workplace as a permanent workplace and you are no longer able to claim travel and accommodation expenses.
That applies to your final invoice and I have deleted the expenses from the timesheet and raised a replacement invoice."
I can only find the 24 month rule and the 40% rule, neither of which apply to me and I can find nothing that says HMRC consider you to be permanent because you only work on one assignment. Please advise.
You arent in control of 'your' own money.I couldn't give two fornicators! Yes, really!Comment
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Is there a good reason not to just close down your ltd co every couple of years if you are so paranoid about this kind of stuff? (or setting up a subsidiary for each new contract) That's what the builders do everytime a new block of flats are built. It's called limiting your liability.
Funny how the umbrella company reps post here offering "advice".Comment
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Originally posted by fraymond View PostIs there a good reason not to just close down your ltd co every couple of years if you are so paranoid about this kind of stuff? (or setting up a subsidiary for each new contract) That's what the builders do everytime a new block of flats are built. It's called limiting your liability.
Funny how the umbrella company reps post here offering "advice".'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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