How hard is it to shut down your ltd company mid contract and switch to a brolly? I have been quoted a take home of about 80% which is way higher than I get out of my ltd company and so I am seriously considering putting my comany to sleep.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Brollies
Collapse
X
-
Brollies
Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1! -
Originally posted by TonyEnglishHow hard is it to shut down your ltd company mid contract and switch to a brolly? I have been quoted a take home of about 80% which is way higher than I get out of my ltd company and so I am seriously considering putting my comany to sleep.
Get your agency to produce a new contract withe the Brolly and away you go.
You can always keep your company running, just that it won't have any turnover...
Spod.
-
-
Brollies
"Enquiring minds want to know."
Hexagon. My ltd comapny never seens to get close to 80% so I would like a period of time when I work for me instead of G Brown. How do you go about joining a brolly while being employed by your ltd company?Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.
I preferred version 1!Comment
-
Hexagon Services
You can only take home 80% if your contract is outside IR35. If it is a normal contract where you attend the same site every day then you should not use Hexagon as their 'Composite' scheme is designed for non-IR35 people where you pay yourself dividends instead of salary. You would only take home 80% by cheating the inland revenue and getting away with it and if that were possible we'd all be doing it wouldn't we?Comment
-
Tony, have them fiddlin' scousers put you up to this? You're only half a day into the job!Originally posted by absoftYou would only take home 80% by cheating the inland revenue and getting away with it
You'll be all right - Liverpool is a no-go area for Hector.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- IT contractor demand defied seasonal slump in December 2025 Today 07:10
- Five tax return hacks for contractors as Jan 31st looms Yesterday 07:45
- How to land a temporary technology job in 2026 Jan 9 07:01
- Spring Forecast 2026 ‘won’t put up taxes on contractors’ Jan 8 07:26
- Six things coming to contractors in 2026: a year of change, caution and (maybe) opportunity Jan 7 06:24
- Umbrella companies, beware JSL tunnel vision now that the Employment Rights Act is law Jan 6 06:11
- 26 predictions for UK IT contracting in 2026 Jan 5 07:17
- How salary sacrifice pension changes will hit contractors Dec 24 07:48
- All the big IR35/employment status cases of 2025: ranked Dec 23 08:55
- Why IT contractors are (understandably) fed up with recruitment agencies Dec 22 13:57

Comment