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IndyRef2 : This time it's war!

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    Originally posted by ladymuck View Post

    It's been possible to register a company in Scotland since 1856. I guess your idea of 'a few years ago' is a bit different to mine.

    https://www.nrscotland.gov.uk/resear...s#Registration
    All the evidence points to agentzero being a Borg.

    Comment


      Originally posted by SimonMac View Post

      Click image for larger version  Name:	giphy.gif Views:	0 Size:	2.40 MB ID:	4183581
      would have done.
      When the fun stops, STOP.

      Comment


        Originally posted by agentzero View Post

        The nuances are in the data sets. As this is a contractor forum:

        If you're a Director of a Limited Company formed in England, which was all Limited Companies up until a few years ago, then your corporation tax, dividend tax and income are considered to be in England, even if you reside in Scotland.

        When tax intake figures are published they are incorrect, because those who are resident in Scotland but Directors of Limited Companies - PSC or more than one Director, are monetarily considered to be in England. This is a flaw in the stats that, as you can imagine, lessens the number of higher rate tax payers in Scotland quite a bit.
        If you are a resident of Scotland, you will be taxed at Scottish rates for personal tax. (Until you decide to move to the right side of the border .)
        His heart is in the right place - shame we can't say the same about his brain...

        Comment


          Once the Scots see all the successes of B****T then they'll be begging to stay part of the UK .... where are we at so far?

          Return of Pounds and Ounces
          Queens mark on pint glasses
          Part trade deal with US on sheep
          More powerful hoovers (are we getting that, it was the EU who took away our suckers, surely we get them back now)
          All car reg numbers must change their plates to UK and not GB

          Anything I've missed? Yeah, the Scots will be gagging to stay in the UK
          I am what I drink, and I'm a bitter man

          Comment


            Originally posted by Mordac View Post

            If you are a resident of Scotland, you will be taxed at Scottish rates for personal tax. (Until you decide to move to the right side of the border .)
            For PSCs this doesn't apply. Salary is the same as yours. For most here it's £8840 + dividends of £41430.

            Comment


              Originally posted by ladymuck View Post

              It's been possible to register a company in Scotland since 1856. I guess your idea of 'a few years ago' is a bit different to mine.

              https://www.nrscotland.gov.uk/resear...s#Registration
              I should have worded it with additional "...if you want to get any contract signed."

              Up until 2018 you had sod all chance of getting an agency to agree to have a Scottish Ltd Company provide PSC equivalent services. I know two people who had to set up English Ltd Companies instead. Agents being quick to ask if I had a Scottish Ltd Company and that they hoped not, prior to contractor friends having issues, suggested it wasn't a good idea.

              As a guess, I expect many end clients were based in England and even Scottish agencies having formed English Ltd Companies resulting in domains being rightly or wrongly limited to England only.

              Comment


                Originally posted by agentzero View Post

                I should have worded it with additional "...if you want to get any contract signed."

                Up until 2018 you had sod all chance of getting an agency to agree to have a Scottish Ltd Company provide PSC equivalent services.
                Wrong again. Please stop spouting this rubbish.

                Originally posted by agentzero View Post
                I know two people who had to set up English Ltd Companies instead. Agents being quick to ask if I had a Scottish Ltd Company and that they hoped not, prior to contractor friends having issues, suggested it wasn't a good idea.
                "I know two people" does not mean "sod all chance" (and I'm sceptical that there's not more to this)

                Originally posted by agentzero View Post
                As a guess, I expect many end clients were based in England and even Scottish agencies having formed English Ltd Companies resulting in domains being rightly or wrongly limited to England only.
                I've no clue what you're trying to say here.
                Last edited by Paralytic; 23 September 2021, 10:50.

                Comment


                  Originally posted by agentzero View Post

                  For PSCs this doesn't apply. Salary is the same as yours. For most here it's £8840 + dividends of £41430.
                  Eh? Are you saying those resident in Scotland don't pay Scottish income tax if they're paid via their own PSC? That's complete rubbish.
                  Last edited by Paralytic; 23 September 2021, 14:56.

                  Comment


                    Which nation the company is registered in has no bearing on the personal tax status of its directors / employees. The company can be registered in England & Wales but the director be resident in Scotland and their income is therefore subject to Scottish tax law.

                    Someone is forgetting that a LtdCo is a separate legal entity to the individual.

                    EDIT: what will be interesting is if/when Scotland gets control over other taxes such as CT for Scottish registered companies...
                    Click here to come to the CUK Xmas do on 10 Dec! Meet your board heroes!

                    Comment


                      Originally posted by Paralytic View Post

                      Wrong again. Please stop spouting this rubbish.



                      "I know two people" does not mean "sod all chance" (and I'm sceptical that there's not more to this)



                      I've no clue what you're trying to say here.
                      Four agencies I've worked with have specifically told that if my company is a Scottish Ltd Co then it's a no-go. Date range 2014 to 2018. Includes larger groups such as Hays and TekSystems/Allegis Group.

                      I'm suggesting that agencies registered as English Ltd Cos and/or clients registered as English Ltd Cos didn't want to have a Scottish Ltd Co as the contractor. I don't see why clients would care, as it's a b2b contract with the agency for them, so I assume some agencies had a blanket policy for reasons unknown to me. If you can expand, such as you not having this issue, then that's helpful. I know people who have purposefully registered an English Ltd Co and the associated hassle, such as mail forwarding address required or an accountant with an address in England, to ensure they can apply for the contracts that demanded an English registered Ltd Co.

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