JSA claim - hmm bit different this time

[northernladyuk]

To be fair I have used all my get out of jail cards up long ago so it's straight on the list for me now. Everyone has a bit of slack to be used, I just used all mine already

And you're a slag.

[bobspud]

Funnily enough they do ask if you've got over £16K savings but not how much is in the company.

Yes it is hassle and if I knew it was going to be short term I wouldnt bother. BUT I dont want to be still on the bench in 6 months and think - crap I could have got £1800 or so. WOuld have paid the mortgage for a few more months.

Don't forget that lots of the money that is in the company will be accounted for as being due to HMRC at some point or another.

[vetran]

Don't forget that lots of the money that is in the company will be accounted for as being due to HMRC at some point or another.

in which case you need to account for that.

If you have say £50,000 in profit in the company + £10K tax then pay the tax early and declare the profit.

for goodness sakes, most contractors earn more than twice the average wage.

[bobspud]

in which case you need to account for that.

If you have say £50,000 in profit in the company + £10K tax then pay the tax early and declare the profit.

for goodness sakes, most contractors earn more than twice the average wage.

Why? you might need that 10k in a few more months, giving away vital liquidity just to claim a few hundred pounds could be a very bad move... Regardless of who owns the money in law, if the choice is giving the money to HMRC just so they can piss it up the wall or feeding my family, HMRC lose every time and if they take a dim view well that's just tough luck. Companies go bust every day its all factored into the game of life.

[DodgyAgent]

B, she asked how much an hour I normally expected to work for. I quoted date rate to her and she then argued with me that this must have been per week and I was mistaken. Hmmm.

r.....

Did you allow for the agency margin?

[vetran]

Why? you might need that 10k in a few more months, giving away vital liquidity just to claim a few hundred pounds could be a very bad move... Regardless of who owns the money in law, if the choice is giving the money to HMRC just so they can piss it up the wall or feeding my family, HMRC lose every time and if they take a dim view well that's just tough luck. Companies go bust every day its all factored into the game of life.

and people wonder why HMRC put people's doors in.

[The Central Scrutinizer]

Had a spell on the bench last year and experienced exactly the same thing. I was eventually sent to Ingeus where I told them I would be very interested in working as a shepherd and that I wanted to re train as a pilot.

[bobspud]

and people wonder why HMRC put people's doors in.

HMRC put doors in for the same reasons as any other debt collector. Lack of contact and explanation of what's happening. By the way HMRC can't kick the door in for a company that is in administration or in agreement to make amends. Having spoken to a chap that specialises in criminal forensics within failing companies you are generally being very stupid to get any bad response out of HMRC. His company specialises in receivership and his experience of HMRC is that they are very ill equipped to handle cases where directors are at fault. His best estimate at the time was anything over a million gets mild interest the sub million mark has very little chance of being handled at all...

I really don't recommend this route to anyone, unless you think theres a chance that you can get the money back to HMRC . It's illegal but then so is bombing/invading countries that don't have weapons of mass destruction..

[eek]

I really don't recommend this route to anyone, unless you think theres a chance that you can get the money back to HMRC . It's illegal but then so is bombing/invading countries that don't have weapons of mass destruction..

I seem to remember something somewhere recently (probably on here) where the benefits people basically said spend that tax money before bothering us.

[bobspud]

I seem to remember something somewhere recently (probably on here) where the benefits people basically said spend that tax money before bothering us.

Sounds perfectly logical to me.