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Recent content by Befuddled88
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PAYE Holiday pay vs Contractor No Holiday
I've only been here 3 weeks, both the client and agent are open to allowing me some time to get my head around things..- Befuddled88
- Post #10
- Forum: Accounting / Legal
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PAYE Holiday pay vs Contractor No Holiday
Very useful, thanks for the illustration. I was reading this: https://simplifybusiness.co.uk/services/umbrella/information-for-1st-time-contractors/ - which seems to state there may sometimes be a difference between the "LTD rate" and the "PAYE rate" recruiters offer? Should I approach the...- Befuddled88
- Post #7
- Forum: Accounting / Legal
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PAYE Holiday pay vs Contractor No Holiday
Thank you. I was reading online and it appears that agencies take deductions from employees in order to pay the holiday? I was informed holiday "accrues" based on how much I work. How is this paid for? The entitlement is set out as statutory minimum as accrued with the amount of work I take...- Befuddled88
- Post #4
- Forum: Accounting / Legal
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PAYE Holiday pay vs Contractor No Holiday
Sorry, think this should be moved to somewhere more appropriate - Business / Contracts, perhaps? Apologies.- Befuddled88
- Post #2
- Forum: Accounting / Legal
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PAYE Holiday pay vs Contractor No Holiday
Hi there, So I recently took a contracting role - which I've yet to be paid for and originally was agreed to be paid via incorporating a company (which I have done, but not invoiced yet). I'm very new to contracting so this may be a very naive question. Through the agency if I took the...- Befuddled88
- Thread
- Replies: 12
- Forum: Accounting / Legal
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Contracting/IR35 woes - first time arrangement
Update! So I spoke to my recruiter and he stated I need to provide him a Certificate of Incorporation and a PI certificate. This would then cancel my "temporary workers" contract and I would then begin invoicing the temp agency. He seemed to suggest there would be no contract remaining with the...- Befuddled88
- Post #14
- Forum: Accounting / Legal
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Contracting/IR35 woes - first time arrangement
I actually pre-emptively setup the company and agreed to an accountant, quite prematurely even though I felt my understanding was correct. I will contact them shortly and report back. Thank you :)- Befuddled88
- Post #13
- Forum: Accounting / Legal
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Contracting/IR35 woes - first time arrangement
Thank you, this is really valuable help. To put it into context, I have not been paid at all this tax year (therefore not even by this agency). I was awaiting to invoice the agency. The agency told me that I was able to invoice in lieu of PAYE, but this was not setout in writing. I had a...- Befuddled88
- Post #11
- Forum: Accounting / Legal
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Contracting/IR35 woes - first time arrangement
I have never been paid via the agency yet, nor have I previously engaged with the agency. The day before I started the contract I spoke with the recruiter and he confirmed that I would be able to be paid via an incorporated company, and that many others they recruit have done so - without...- Befuddled88
- Post #7
- Forum: Accounting / Legal
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Contracting/IR35 woes - first time arrangement
I understand what you're saying, but at the same time the agency offered me the opportunity to invoice/be paid via an incorporated company. This was something I was informed the day before joining - that I could be paid via a company and not PAYE. Although this isn't specified in the agreement...- Befuddled88
- Post #6
- Forum: Accounting / Legal
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Contracting/IR35 woes - first time arrangement
So I have secured a great role on an IT project via an agency. I am working in a Consultant capacity and there's several others in my team who have incorporated their companies having completed IR35 checks successfully. The difficulty with me, is that I went through an agent (whereas the others...- Befuddled88
- Thread
- Replies: 15
- Forum: Accounting / Legal
