Contractor with 2 IR35 Contracts

[SSD13]

Many thanks for your assistance guys much appreciated

I just hope that my 2 umbrella companies dont get a whiff of me doing two IR35 roles

So much easier with Outside but it is what it is..

[porrker]

Many thanks for your assistance guys much appreciated

I just hope that my 2 umbrella companies dont get a whiff of me doing two IR35 roles

So much easier with Outside but it is what it is..

It will depend on your contracts and the flow down clauses. If you can work non exclusively etc then your covered contractually.. But judging by the mixed emotions on here when ever working multiple contracts are mentioned you may see a negative response from one of the umbrellas.

I work two outside contracts quite comfortably and would only do it with outside contracts.

[Paralytic]

Many thanks for your assistance guys much appreciated

I just hope that my 2 umbrella companies dont get a whiff of me doing two IR35 roles

So much easier with Outside but it is what it is..

Why do you care what the Umbrella companies think, and why would they even care?

But, if you're worried about either client finding out, and you therefore presumably believe you're contravening your contract with either/both, you're then you should probably check your insurances. It's likely neither would do anything other than kick you out, but if they could show financial loss due to your actions....

[eek]

Why do you care what the Umbrella companies think, and why would they even care?

But, if you're worried about either client finding out, and you therefore presumably believe you're contravening your contract with either/both, you're then you should probably check your insurances. It's likely neither would do anything other than kick you out, but if they could show financial loss due to your actions....

What insurance? The professional liability and everything else sits with his employers (i.e. the umbrella firms he is working through)

[OldT1mer]

As was mentioned earlier pension Salary Sacrifice is the way to go, look into using your pension allowance from previous years too. Though keep an eye on the maximum lifetime limit.

[SSD13]

I have no insurance as it is with the Umbrella Company I am working through

[WTFH]

On the upside he will get a very hefty refund from HMRC at the end of the year...

Will or should?
Without know why he's on a K code, etc, I'd not want to bank on it too much. Also, if he makes a fuss with the umbrellas to get the code changed, is that going to highlight to them that he is running two contracts? And it goes back to the usual - we don't have all the facts, so we're making assumptions... Haven't seen his contracts to know what they say about working hours, etc.

[malvolio]

Will or should?
Without know why he's on a K code, etc, I'd not want to bank on it too much. Also, if he makes a fuss with the umbrellas to get the code changed, is that going to highlight to them that he is running two contracts? And it goes back to the usual - we don't have all the facts, so we're making assumptions... Haven't seen his contracts to know what they say about working hours, etc.

I feel that the OP doesn't really understand all the ins and outs. Why, for example, have two umbrellas on the go? Agency insistence perhaps? There is no reason that an umbrella can't cope with you having two income streams - plenty of medical staff and social support people do exactly that. If you want to do something out of the usual, then it's up to you to manage it properly which, going by those tax codes, he isn't.

[WTFH]

I feel that the OP doesn't really understand all the ins and outs. Why, for example, have two umbrellas on the go? Agency insistence perhaps? There is no reason that an umbrella can't cope with you having two income streams - plenty of medical staff and social support people do exactly that. If you want to do something out of the usual, then it's up to you to manage it properly which, going by those tax codes, he isn't.

I'm assuming that there are 2 agents on the go because the OP has signed two contracts that overlap/conflict and that he is hoping to get away with it.
As you say, why have two umbrellas taking their cut when one could do it all more efficiently, unless there's key parts of the story left out.

[css_jay99]

I feel that the OP doesn't really understand all the ins and outs. Why, for example, have two umbrellas on the go? Agency insistence perhaps? There is no reason that an umbrella can't cope with you having two income streams - plenty of medical staff and social support people do exactly that. If you want to do something out of the usual, then it's up to you to manage it properly which, going by those tax codes, he isn't.

Just curious, will 2 contracts via same umbrella resolve the tax issue?