Originally posted by seeourbee
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Results of the public sector consultation is up
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The ability for us to call home our base is unique to consultancies (and even then not always) and contractors.
Disagree.
I have a friend who works for <insert Indian consultancy>, he's based out of home - and has been working on the same customer site for the best part of 5 years, all travel is fully expensed.Comment
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Originally posted by eek View PostLets not go there again. VAT is neutral in HMRC's eyes and really just a minor admin task (yep I know its work) for companies whose income is above x...
If your company has an income before tax of £83k VAT is required, earn below £83k with only a public sector client and you could deregister....
I'd be impressed if you could earn more than 83k with only a public sector client up north
How do you know beforehand that you'll have an income of £83k? Do you base it on previous years? I'd earn that down south but potentially not up north, given then disparity in rates.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Originally posted by b r View PostThe ability for us to call home our base is unique to consultancies (and even then not always) and contractors.
Disagree.
I have a friend who works for <insert Indian consultancy>, he's based out of home - and has been working on the same customer site for the best part of 5 years, all travel is fully expensed.merely at clientco for the entertainmentComment
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Originally posted by LondonManc View PostVAT is now neutral given that they've upped it from 14.5% to 16.5%
I'd be impressed if you could earn more than 83k with only a public sector client up north
How do you know beforehand that you'll have an income of £83k? Do you base it on previous years? I'd earn that down south but potentially not up north, given then disparity in rates.
DWP and HMRC rates up north are the same as London and often towards (or even above) the top of the market....merely at clientco for the entertainmentComment
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Originally posted by eek View PostJust because a company is abusing the rules doesn't justify others doing it.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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So how will pension contributions work? Will PS contractors have to make pension contributions on the money received after NICs deducted (obviously, Income tax relief exists)?Taking a break from contractingComment
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Originally posted by b r View PostThe ability for us to call home our base is unique to consultancies (and even then not always) and contractors.
Disagree.
I have a friend who works for <insert Indian consultancy>, he's based out of home - and has been working on the same customer site for the best part of 5 years, all travel is fully expensed.
There is a reason others operate differently you knowThe Chunt of Chunts.Comment
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Originally posted by chopper View PostSo how will pension contributions work? Will PS contractors have to make pension contributions on the money received after NICs deducted (obviously, Income tax relief exists)?
Granted you could solve the same problem using an umbrella but then you would have to trust the umbrella to do things honestly and swallow the umbrella's charges....merely at clientco for the entertainmentComment
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Originally posted by youngguy View PostNice choices summary.
6. Move off this godforsaken island and offer your services elsewhere.
Life is short.Comment
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