Sorry I didnt answer your question rootsnall. It would appear if you work through a managed service company (brollies included) then you cannot claim home to work expenses or subsistence expenses(including accomodation). However, there is nothing to stop you opening up a limited company, and paying yourself a salary and continuing to offset your business expenses against your income. In fact if you are caught by IR35, or dont have the inclination to battle the revenue then this is after April 2007 the best way to protect your income.
You will probably find that every brolly suddenly turns into an accountancy practice helping contractors run limited companies!! then everyone is in for a rough ride!!!
If you are with a brolly right now, I would start looking at a contingency plan for april 2007.
You will probably find that every brolly suddenly turns into an accountancy practice helping contractors run limited companies!! then everyone is in for a rough ride!!!
If you are with a brolly right now, I would start looking at a contingency plan for april 2007.
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