Becoming a permie take 3

[TheFaQQer]

I'll definitely chat to my accountant about this. My belief (/hope) was that the mileage I've claimed so far is legitimate as until now I had no intention of staying here long term (i.e. past the 24 month rule) so I don't know whether the historical claims become invalid just because I've now decided I want to stay here?

As to whether I should continue claiming mileage between now and July (or as/when I sign the perm contract), I guess that's another matter.

If you've only had one client, then you only have one place of work, so you can't claim. Any expenses already claimed should be declared as a BIK and taxed accordingly.

[Willapp]

If you've only had one client, then you only have one place of work, so you can't claim. Any expenses already claimed should be declared as a BIK and taxed accordingly.

Ah I see, had forgotten about that. I wonder if my Plan B can come to the rescue here - until last month I was operating the Plan B using the same Ltd. (it's still IT related work) so technically I've had 2 clients although the Plan B is 100% remote work so I have never travelled anywhere for it.

Plan B is now in its own Ltd. though so that might screw things up for this tax year?

Obviously I'll go through all this with my accountant anyway, but as they say forewarned is forearmed!

[d000hg]

Seems like an obvious perm choice especially since you're not a die-hard contractor. You can always go contracting again when/if you get sick of it.

Is your plan B likely to grow/continue or is it a one-off thing? A perm job and working on plan B in your spare time is a good way to go possibly and skip contracting entirely, but make 100% sure your employer has no claim and that they know and are OK about it - explicitly get it mentioned in writing.

[Willapp]

Seems like an obvious perm choice especially since you're not a die-hard contractor. You can always go contracting again when/if you get sick of it.

Is your plan B likely to grow/continue or is it a one-off thing? A perm job and working on plan B in your spare time is a good way to go possibly and skip contracting entirely, but make 100% sure your employer has no claim and that they know and are OK about it - explicitly get it mentioned in writing.

Yeah I think you're right, it was the decision I was heading towards, I guess I just wanted to hear it from others that it's the right thing to do. I would definitely consider contracting again in the future but I like the idea of some job security for the next couple of years while I get plan B moving.

As far as plan B goes, the current revenue isn't likely to change in the short term, but let's just say it's part of a wider plan which could earn enough (just) for me to be able to pick and choose when/how I work.