Crackdown on personal service companies could raise £400m in tax

[TestMangler]

Might be job done for me. I've got a mate who runs a company who I do work for on an ad hoc basis. Maybe a day every two/three months but all above board and invoiced etc.

You seriously think they won't have some made up rules around percentage income from each client ? Client A, £10,000 in 30 day period, Client B £50.00. You are clearly cheating

[GB9]

But the question has to be asked If you have no T&S claim; why would you use a brolly instead of a FTC? It's another link in the chain between you and the client that offers no benefit if T&S claims are dead.

From our perspective, a day rate through ir35 is far better than a ftc. It is perfectly easy to have a day rate and pay within ir35 rules.

Some clients may try and take on more ftcs but they are usually for 1 or 2 years, not 3 months. And unless that is all that is on offer, they won't get the best people. A good contractor on £500 is better value than a consultancy on £1,200.

[MrMarkyMark]

FTFY

A good contractor on £500 is 10 times better value than a consultancy on £1,200.

[ZARDOZ]

softening up the public before the attack on these tax dodgers...

Autumn Statement 2015: how a 'personal services company' (PSC) cut your income tax bill - Telegraph

Last para in that article is clearly bollocks.

[MarkT]

You seriously think they won't have some made up rules around percentage income from each client ? Client A, £10,000 in 30 day period, Client B £50.00. You are clearly cheating

How could that work? Loads of genuine companies have 1 main client. What happens to them?

[Zero Liability]

Last para in that article is clearly bollocks.

Poll results on that article are also interesting.

[DimPrawn]

Would doing work on rent-a-coder type webtulipes at the same time be seen as multiple clients?

I would contact some small charities a do some work pro bono and do some work for them at the same time (evenings and weekends where required).

[MarkT]

Poll results on that article are also interesting.

Couldn't find one

[d000hg]

How could that work? Loads of genuine companies have 1 main client. What happens to them?

They also have employees.

[ZARDOZ]

Poll results on that article are also interesting.

Skewed by a few hundred disgruntled contractors.