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Thanks for all the helpful responses.
It is one contract that from november 08 was going to be for a further 6 months working 30 hours per week thus I'd be under the vat threshold. So I deregistered for vat.
I am now not on a contract and am simply working the hours required, up to 45 or so...
Hi All,
I've got a question regarding paying vat and the vat turnover.
I started trading as a business in June 08. I registered for Vat immediately as I thought the turnover would exceed £67k. By November, it wasnt going to be the case, so i deregistered at the end of November 08.
I intend to...
This is copied from HMRC Vat changes Q & A
If you are a business that sells mainly to other VAT-registered businesses and have to issue VAT invoices the new rate applies for all VAT invoices that you issue on or after 1 December 2008 …... except for where:
1) You provided goods or services more...
Hi all,
I'm looking for some helpful advice regarding the above.
I will be looking for a new contract shortly. I have read a few threads on the above, but would really like further info.
I am an accounting contractor working through a limited company. I am currently working directly with the...
One additional question I have is regarding what insurance to get. So at this stage:
1) I am the sole employee of a Ltd company that I am 100% shareholder of.
2) I'm a member of PCGplus and thus get some insurance cover there.
3) Currently I have 1 client.
Should I get professional indemnity...
Hi guys,
In regards to Limited companys and IR35 reviews:
1) How long have you been working through a limited company?
2) Have you been reviewed in regards to IR35?
3) If you have, in whats years after start up were you reviewed
Thanks
Thanks again for your help.
One more question I have is regarding the difference in hourly rate charged. In my view, my moving from PAYE to Ltd provides a saving to the client.
I estimate the savings for the client to be 12.67% (30 days annual leave pa forgone), 14% (employer pension...
Thanks for your help, I'll get in touch with them.
Also, any idea of issues that flag reviews with HMRC?
I read that Ltd companys get reviewed every 3 years, I assume 3 years, on average, after company setup. Or do they review early on?
Thanks again
Thanks again for your help with this.
I am paid per hour. I started working the standard 35 hr week, but then other projects arose which I put myself forward for and got assigned to. This is where the varying hours arose. Since this was the case, I thought I would start working through a...
I was under PAYE initially. But since then other projects have arisen ie. a second employee who is only working 3 days a week. So I am working on varying projects that have a finite life ie. year end work.
I thought this type of work (varying projects with finite life) would be more a...
Hi there,
Thanks for the very quick reply.
I have read a fair bit of IR35 and understand broadly how it works. I am simply unsure of the weighting of varying factors. I understand the substitute issue is fairly high on the list, I would not satisfy this requirement.
Other issues, working...
Hi all,
I have read through the threads and found it all very informative. I would, however, like further information.
My situation.
I started working in March on a 6 month contract directly with a client (no agency) under PAYE providing accounting services. I have now setup a Limited company...
Hi,
I am currently working as a temp through an agency. My contract with the agency finishes in a few weeks.
I have been approached by my employer to apply for another role within the company. Note that the position is in a different department and is a contract position as opposed to a...
Hi,
I was working through an agency during 2006. I was paid for the hours I worked only. Is there an entitlement for annual leave? given that it was during 2006
Any advice would be great
Thanks
Shan