Originally posted by jonhoops
Translation:
"I don't want contractors using any old umbrella in case they don't consider themselves under IR35 and not pay (overpay) the maximum tax. But if they go Ltd i don't care as it has nothing to do with me"
So unless you are trying to dictate how contractors run their own ltd's as well you are talking complete, total, utter bolloxs
If anything, contractors running their own ltd's are even more likely to actually break the law (either unintensionally or willfully) than any umbrella that most likely has more than professional accountant and the better ones with accountants specialsing in tax's , where as many contractors with ltd's have no professional advise at all.
That only leaves one of two possible conculsions about you:
a) You are stupid, because while "covering your ass" with umbrellas you have left yourself wide open with ltd's
b) All your arguments about making sure contractors pay "what they should" in tax's is complete utter tosh and it is much more likely you are getting back handers from your umbrellas
Looking at the current trend with agencys i favor option "B"
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