Ltd Only, No Umbrellas - Why ? - Contractor UK Bulletin Board

Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:

You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.

SlipTheJab replied

25 March 2016, 08:47
Originally posted by mudskipper View Post

I've got deja vu

+1, Groundhog Day... Is he still banging on about that?!
Leave a comment:
mudskipper replied

25 March 2016, 08:02
Originally posted by BenDover View Post

Be careful operating through your own limited company if there is any risk that it could be inside IR35 as it is the director of that company which is personally accountable for any taxes deemed owed should HMRC investigate. The new legislation 339A ITEPA 2003 clearly states this and even if the company has fallen over or the director moved on it is still their personal accountability.

HMRC will deem any contractor working through an intermediary as being under supervision, direction and control. Take a look at HMRC website and view the finance bill 24th March 2016, clauses 14 & 18 will explain this a little better than I have.

I've got deja vu
Leave a comment:
BenDover replied

25 March 2016, 07:50
Be careful operating through your own limited company if there is any risk that it could be inside IR35 as it is the director of that company which is personally accountable for any taxes deemed owed should HMRC investigate. The new legislation 339A ITEPA 2003 clearly states this and even if the company has fallen over or the director moved on it is still their personal accountability.

HMRC will deem any contractor working through an intermediary as being under supervision, direction and control. Take a look at HMRC website and view the finance bill 24th March 2016, clauses 14 & 18 will explain this a little better than I have.
Leave a comment:
Waldorf replied

24 March 2016, 23:11
Originally posted by Andy Hallett View Post

If only we planned that far ahead!

We will continue to work with Umbrella and PSCs.

Depending on the kick back you get from them!
Leave a comment:
Andy Hallett replied

24 March 2016, 22:00
Originally posted by northernladuk View Post

Possibly because of the changes coming in 2017. An umbrella user may be looking to can the gig when it hits where a LTD guy will continue working. If the client has form for keeping contractors for long periods of time an Umbrella user becomes high risk to the agents income.

If only we planned that far ahead!

We will continue to work with Umbrella and PSCs.
Leave a comment:
Alan @ BroomeAffinity replied

23 March 2016, 19:04
Conversely I'm dealing with an agency at the moment who won't deal with limited company contractors, only brollies. Kick back protection I reckon.
Leave a comment:
DotasScandal replied

23 March 2016, 11:16
Brace yourselves for yet another round of unintended consequences set in motion by the clueless fu**ers in our Government / HMRC (these two terms can be used interchangeably)
Leave a comment:
SlipTheJab replied

23 March 2016, 11:12
Originally posted by northernladuk View Post

Possibly because of the changes coming in 2017. An umbrella user may be looking to can the gig when it hits where a LTD guy will continue working. If the client has form for keeping contractors for long periods of time an Umbrella user becomes high risk to the agents income.

^^^ This sounds like the reason, Wonder if we'll see a bit more of this now.
Leave a comment:
northernladuk replied

23 March 2016, 11:06
Possibly because of the changes coming in 2017. An umbrella user may be looking to can the gig when it hits where a LTD guy will continue working. If the client has form for keeping contractors for long periods of time an Umbrella user becomes high risk to the agents income.
Leave a comment:
LondonManc replied

23 March 2016, 10:47
Probably because the contracts are IR35-friendly and they don't want someone fecking it up.
Leave a comment:
SunnyInHades started a topic Ltd Only, No Umbrellas - Why ?

23 March 2016, 10:46
Ltd Only, No Umbrellas - Why ?

Interesting requirement I've just seen in an email from an agency ..
"candidate must have their own limited company no umbrella companies"

Never seen such a requirement before from an agency.
Any suggestions why ?
Tags: None