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
- Cabinet Office’s £38.5m IR35 bill: should contractors be worried? Yesterday 08:16
- Autumn Budget 2026 for contractors: IR35 untouched, an AI mystery and 10 HMRC battle lines Oct 29 09:27
- Is a social care levy in Autumn Budget 2026 set to raise income tax on the over-40s? Oct 26 06:26
- West 28th: Has interest written off in April resurfaced in contractors' latest loan demands? Oct 23 08:33
- Healey’s Budget 2026 looms as Churchill Knight MSC hearing over ‘his’ rules gets axed Oct 22 07:41
- Exit interview: Parasol’s Ashley Olliver on 18 years of umbrella company goings-on Oct 21 05:46
- Weakening Substitution: the wrong employment status fix for outside IR35 contractors Oct 19 07:10
- Employment status consultation: good news for genuine contractors, but inside IR35 is left outside Oct 15 14:07
- Who is Coldbath Solutions? Why do two solicitors share a debt-collection company with Kenneth Arnold? Oct 15 06:54
- Mortgage rates going up and down? Pre-Budget, contractors can still get the edge on deals Oct 15 05:25

Comment