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polarbearuk75
Nervous Newbie
Last Activity: 31 October 2024, 20:37
Joined: 19 May 2023
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  • polarbearuk75
    replied to Complex IR35 issue
    I'm open to learning more about this.

    Currently, I work inside IR35 under an umbrella company, which provides holiday pay and pension and allows me to claim business expenses. I got an SDS, which I agreed to. My day rate is okay—nowhere near what I earned in the old days.

    ...
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    Last edited by polarbearuk75; 31 October 2024, 20:21.

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  • polarbearuk75
    replied to Complex IR35 issue
    We don't 100% know this yet - it won't be - it will be a large part of it, maybe 60%. However, this person has already paid tax on it via his PAYE salary from his company which was less that his day rate at the client. So he will get double-taxed, and I assume HMRC won't refund that!...
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  • polarbearuk75
    replied to Complex IR35 issue
    There was no requirement to sign timesheets, and no one was asked to do so. He invoiced at the end of the month for the number of days worked—a practice that has not been questioned and what was requested.

    There didn't seem to be any processes in place for managing contractors. From the...
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  • polarbearuk75
    replied to Complex IR35 issue
    Thank you!...
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  • polarbearuk75
    replied to Complex IR35 issue
    One question I had - as never been 100% clear.

    If a company wants to hire someone inside IR35, does it have to be via an umbrella company?

    Unless they hire the person as a standard employee (PAYE, zero-hours contract, fixed-term contract, etc.), in which case it would have...
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  • polarbearuk75
    replied to Complex IR35 issue
    He was a director - but not on paper - had to go via company lawyer to all corporate decisions back to board.



    No, and that was his mistake for not following it thought - the last time he did this was in the good old days, and honestly, it did not occur to him. In his other...
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    Last edited by polarbearuk75; 30 October 2024, 19:24.

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  • polarbearuk75
    replied to Complex IR35 issue
    Let's just say the person in question reached out to me for some advice, as they know I contract. I honestly did not have the answer as I had never encountered this before. Sadly, since the IR35 came into play, I have been Inside-IR35 for the last X years as work in banking (IT)

    After X...
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  • polarbearuk75
    replied to Complex IR35 issue
    I agree - and i most likley would have walked into the 2nd month.

    In this context, the accounts department was doing the usual—blaming holidays, delays, and so on. It wasn’t as though no follow-ups were being done. Also, walking away from a contract with a three-month notice period...
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    Last edited by polarbearuk75; 30 October 2024, 18:35.

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  • polarbearuk75
    started a topic Complex IR35 issue

    Complex IR35 issue

    I'd welcome people's thoughts on this situation. A colleague of mine has experienced the following:
    1. They joined a well-known UK-based international company as a senior interim director, covering a long-term absence. The role was 3–4 days a week at £X per day.
    2. This person has run multiple businesses
    ...
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