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I already subcontract out work to two other companies (contractors) very simply process as the contract I have with the end client just caters for a piece of work to be done my a number of people with rates for different roles etc put in.
You will need to come out of FRS if you were in it as...
I understand that, however there's nothing to stop myco from charging the client expenses and adding it to the companies coffers is there? Means I won't get the money tax free but better than nothing.
Ahh .. think its sinking in now. I'm forgetting that my home is my permanent workplace not temporary, even though I've not been hear much recently!
No worries I'll just charge the client expenses for any travel they want me to do :D
The HMRC rules states that a temporary WORKPLACE becomes permanent after 24 months. However it will have only been my temporary workplace for 20 Months. Nothing to do with client its all about the area.
Although I'm sticking with the same client it is a completely new contract expecting...
Excellent just what I was hoping for, something that's completely in the grey area :D
I can certainly see both sides however since the two year rule is based on location not client I thought my new location might have swung it in my favour ?
Accountant is of the opinion that I can't claim...
Thats my understanding too but its confusing as I'll have the same client but a different workplace which I guess is the key point. Its just that I'll be occasionally visiting a place I used to work at permanently surely??
No at present my contract runs out in 2 weeks time, well before the 2 years. I've told them that if they want to extend me I have to work from home as I'll lose my expenses on the moment I agree a new contract. They have agreed to this though nothing has been signed yet. However they will want...
Thanks Craig. I'm aware of the 40% rule however I think I'm falling into one of those grey areas :(
My understanding of the 40% rule was measured over a 2 year period have I been at that site.
Is it your belief that if my main workplace shifts to home and as I'll be there say 80/60% of the week...
3 months time until I'll be up to 2 years at my current client.
However in anticipation and awareness of the two year rule I'm currently in contract negotiation to work from home instead which is over 100 miles away. This contract hopefully will take me well into next year. However there may...
Well the way it works for me is that it came about because I have lots of contacts in the BI area I work in and my client needed more work doing that I could do alone. Its now branched out into other areas still with my field but skills I dont personally have. I just ensure that the schedule of...
Thanks everyone
Yes Wanderer my subbies are just regular contractors with their own ltdcos' etc.
I've had the same response from elsewhere too as well as my clued up accountant. His only additional advice was to watch the principle business activity but I'm a fair way yet from making more from...
Yes there is an overall contract between my ltdco direct to end client and then individudal contracts with each sub-contract company. There is no employment related stuff like paying their taxes etc for them. Its just I bill the end client, take my cut and then pay the invoice of the...
In a position where I currently supply another sub-contractor to my client and there is no agency/middle man in place all works nice and I take a cut out of the daily rate.
I'm having discussions at the moment about maybe 2/3 more of them.
Does anyone know if there are any implications of...
Well I'm kind of a Fri-Monday contractor as sorts.. however I like to think of myself (rightly or wrongly) as a disguised contractor :)
I was consulting for a company and decided I wanted to be a contractor, I told one of my former clients about this and they said they'd like to set me on...
:D Not about to fire them as they've been excellent over the years but I've raised the points with them and see what they say.
I originally replied saying they've missed key points too, such as presumably theres a saving by getting the company to pay for insurance, servicing etc, and other...