i would have said a composite is probably the least stress free option, especially when Hector comes to collect tax you haven't paid for the past 6 years.....
- 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!
Composites
Collapse
X
-
-
For a little while longer, before HMRC's current investigations into "artificially incorporated companies formed merely to avoid paying the correct amount of tax" conclude and they are shut down and you get a bill for back tax and interest. as an employee.Originally posted by grafternot long contracting so will be interested in the majorities views because going through a composite seems like it could be pretty stress free
There are more intelligent ways to run your contracting work.Blog? What blog...?
Comment
-
I wouldnt touch a composite with a hairy stick even if it were the last option. I agree with you Malvolio they are 'artificially incorporated companies' and my bean counter says they are schemes that should be cleared by the Revenue under some anti avoidance regulationsOriginally posted by malvolioFor a little while longer, before HMRC's current investigations into "artificially incorporated companies formed merely to avoid paying the correct amount of tax" conclude and they are shut down and you get a bill for back tax and interest. as an employee.
There are more intelligent ways to run your contracting work.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
- AI interviews are here. Here's how IT contractors can ace them Today 06:53
- Closing your limited company isn't failure. It's just the end of a chapter. Yesterday 05:00
- Young people not in education, employment or training isn’t a contractor’s problem. It’s a problem for us all Jun 5 05:26
- How does HMRC’s forward interest change benefit contractors? Jun 4 04:22
- What are Bills of Exchange, and should HMRC's alert worry umbrella contractors? Jun 3 04:09
- Bills of Exchange fail to avoid new umbrella company rules, says HMRC Jun 2 05:32
- Is permanent employment still the safer bet? Yes, but it's a lot less safe than it used to be. Jun 1 04:34
- Is your Director’s Loan Account (DLA) a target of HMRC’s closer look at close companies? May 29 04:45
- Is your Director’s Loan Account (DLS) a target of HMRC’s closer look at close companies? May 29 04:45
- Contractors, are you making any of the five big limited company bank account mistakes of 2026? May 28 05:51

Comment