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I'm not in the PS myself but I am paying close attention because I guess its likely to transfer to the private sector shortly.
Anyway I was reading HMRC Guidance "Off-payroll working in the public sector: reform of the intermediaries legislation - technical note" published on 5th December and...
Most contractors will lose money if they use the VAT FRS from April
£100000 income + 20%VAT = £100000 + £20000 = £120000
£120000 * 16.5% = £19800 to pay to HMRC
Which means that you have to pay £19800 out of the £20000 to HMRC leaving you with £200 and no ability to claim any VAT back on...
I just went through this getting my last contract :violin:
Basically I had been self-employed for the previous three years writing Mobile Apps. It took about seven weeks trying to prove that I'd not been "up to no good" and in the UK. It went something like this:-
1. Name of employers and...
They used to use Ammonium Sulphamate for controlling Japanese Knotweed. It was used from the 1940s until the EU effectively banned is use as a Herbicide in 2008. It wasn't banned on safety ground ... nobody was prepared to pay the costs to get it licensed in the EU (why pay to get it licensed if...