Salary for 2014/15

[Martin at NixonWilliams]

That would probably exempt a large proportion of the "small businesses" the measure is supposed to be aimed at helping in the first place.

True - As I said, I can't see it happening myself but somebody at Deloitte obviously thinks differently.

[JPennW]

Thread bookmarked! Very useful to know and a great spreadsheet to refer to. Much appreciated!

[Clare@InTouch]

What does your accountant say?

Let me check.......


She agrees with me

[ASB]

Let me check.......


She agrees with me

The great thing about schizophrenia is always having somebody to talk to.

[Zero Liability]

One thing worth noting is that the Employer Allowance won't apply to a deemed salary calculation under IR35 - you're fine if you pay an actual salary, but not if it's a deemed salary.

A pity, as that would cut back one of its worst aspects, i.e. being liable for both employer's and employee's NIC.

[jamesbrown]

A pity, as that would cut back one of its worst aspects, i.e. being liable for both employer's and employee's NIC.

Perhaps, when viewed from a taxpayer's perspective. Viewed from a Gov't perspective, they don't care where the contributions are coming from, only that both are paid, as they would be for any ordinary employee.

[Zero Liability]

Perhaps, when viewed from a taxpayer's perspective. Viewed from a Gov't perspective, they don't care where the contributions are coming from, only that both are paid, as they would be for any ordinary employee.

I get that, but isn't that the equivalent of having it both ways? On the one hand, the "intermediary" (ltd company) doesn't exist and you are a disguised employee, so liable for employee's NICs. On the other hand, it does exist, and it is liable for employer's NICs.

[Martin at NixonWilliams]

An update on the £2,000 NI incentive has now been released and it looks like good news unless you are caught by IR35..

https://www.gov.uk/employment-allowa...lass-1-nics#ee

[jamesbrown]

An update on the £2,000 NI incentive has now been released and it looks like good news

Unless.. you are caught by IR35 or you are supplying IT services to the governement..

https://www.gov.uk/employment-allowa...lass-1-nics#ee

Thanks. My reading of the IT services to government is different though - this appears to be given as an example of something not considered of a public nature, and thus allowed....

[Martin at NixonWilliams]

Thanks. My reading of the IT services to government is different though - this appears to be given as an example of something not considered of a public nature, and thus allowed....

Aah yes, sorry, Friday afternoon syndrome now edited.