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[jamesbrown]

Assuming it is treated as a capital expense, yes.

( Bear in mind that, if you sell the equipment back to yourself on closing your company and the equipment still has residual value, it is complicated to reverse. )

[jamesbrown]

+1 for Merkel. Egos is good too.

[jamesbrown]

I consider myself to be pretty savvy w/r to reading contracts - and I do always read them thoroughly - but I've been surprised in the past about the results of commercial reviews, particularly w/r to IP, which is a big deal in my area. Professionals are there for a reason and a few hundred quid is absolutely...

[jamesbrown]

If you aren’t getting your contracts reviewed by a commercial lawyer for commercial terms (else you’re very experienced about what to look for, having asked for many such reviews of prior contracts), then good luck to you. I’ve never understood the fixation on IR35 reviews at the expense...

[jamesbrown]

Strictly, the SDS should be passed down the supply chain (by the time the first payment has been made by the end client, which could be some time after YourCo receives a payment), but this only becomes a material risk for the supply chain above YourCo when tax is underpaid, and that sounds like it isn't...

[jamesbrown]

This is what happens when your CV is a picture of Mr. Blobby. You'll find it gets reused all over the place....

[jamesbrown]

Same here. I call someone a massive cretin and, the next day, I get spammed by scootie offering "financial advice".

[jamesbrown]

If you are not UK tax resident and all of the work is performed outside the UK, there is no liability to UK tax and hence no liability to IR35 as an anti-avoidance mechanism (you are avoiding nothing). The legislation does not create any new liability to UK tax, one must exist.

[jamesbrown]

Jury's out, some of your recent posts suggest that you're a prime candidate for a dodgy scheme. Forget about tax ffs and worry more about increasing your worth....

[jamesbrown]

Close it now, not a serious question, just trolling professional....

[jamesbrown]

Because your old-man balls are hanging around yer cankles? ...

[jamesbrown]

No one can afford the backhanders to admin this year.

[jamesbrown]

As tarbie would say, long time deed.

[jamesbrown]

Good, please keep us updated, this is one of the more interesting (and concerning) threads around here in a long time....

[jamesbrown]

It matters only insofar as it damages their bottom line, and it probably doesn't (that much) due to their size, rate of turnover and the degree of apathy among some contractors about switching accountants, especially when they have little knowledge of accounting and the process is comparatively hard,...

[jamesbrown]

This may well be HMRC's opinion (or, at least, the opinion of someone at HRMC), but that does not make it correct. In fact, they have a history of not understanding the legislative underpinning for the policies they enforce, so that is no real surprise. This is why I asked about whether you know someone...

[jamesbrown]

Has that been established? It sounds to me like the problem is ongoing, so I think this is post April too unless the OP would like to clarify....

[jamesbrown]

I see. As an aside, it's arguable whether they took reasonable care with the SDS if they did not prepare the SDS with you as the worker in mind, but that is probably a sideshow here - the bigger mistake was made by the agency (what agency and what mistake is to be clarified)....

[jamesbrown]

Well, I'd be interested to hear what you find out. I assume you have a contact there that actually understands Chapter 10 ITEPA and its interaction with the PAYE/NIC legislation, because they are few and far between.

Once the facts are established (i.e., whether it was a failure to pass...

[jamesbrown]

Fair enough, but the best you can do is to speak with a professional and let them help to gather the facts. There are still some significant unknowns (perhaps to you too, but in any case, to this thread), such as whether the client really issued a timely SDS that indicated your work was inside or whether...