Originally posted by moggy
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1st Annual return Help please!
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'CUK forum personality of 2011 - Winner - Yes really!!!! -
Originally posted by northernladuk View PostUgh.. It appears this was to do with brollies not LTD. My bad...
http://forums.contractoruk.com/accou...-claims-2.html
No you are correct. The thread I remembered was related to umbrella's. Forget what I said.Comment
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Contractor Doctor: Is it worth starting a limited company for one contract?
Normally, the so-called ‘24-month rule’ would apply to contractor limited company contractors with an office and trading address at home, and who work daily at a client’s site that is classed as a temporary workplace. Under this arrangement, contractors can claim travel and subsistence expenses. But according to HMRC’s rules, if the entire duration of the employment is at that site, the client’s site does not qualify as a temporary workplace and the 24-month rule is overridden.
So, if a contractor specifically creates a new limited company for a single 12-month contract with a single client at one location for the duration of the entire contract, and they then close the company immediately after the contract ends, then they can’t claim travel and subsistence expenses.Comment
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