Reply to: Composites GIANT IR35 Investigations

If Spod is 6 foot 8 he'd better watch himself with me - I'm about the right height to use his tackle as a punchbag.

NI is revenue, NL redefined a few weeks ago.

I have checked with Giant Cards IR35 helpline and they have confirmed that where they say "Compensation to cover you against tax, interest and penalties if the case is lost (this compensation will cover your full potential liability)" they mean Tax and NI.

So no problems then - fully covered. Come on then Inland Revenue, bring it on. Where are you. Lets be havin you... :lol

Was it you once said you were 6' 8" spod or was that someone else? Bet you're only 5" 3" really.

Ask DodgyAgent!

A knob/spod fight? Excellent. Was it you once said you were 6' 8" spod or was that someone else? Bet you're only 5" 3" really.

I am getting away from GIANT asap. move already well in progress.

The insurance is QDOS by the way, in the cover letter it only states Tax liability, and I don't see NI at tax but NI.

This is what it says on its Web site, no mention of NI.

"Compensation to cover you against tax, interest and penalties if the case is lost (this compensation will more than cover your full potential liability) Hence NO financial risk to you. "

It might come to bit them on the bum though, as reading some of the article on composites on the IR site it says in the first instance they will try and re-corp the NI from GIANT themselves.

That’s interesting Cheesy,
On their web site it says “you receive – at no extra cost – GIANT CARDS IR35 Insurance cover worth up to £50,000 of professional fees, plus any tax, national insurance, penalties or interest imposed by the Inland Revenue should your contract fail IR35 after all.” On a later page it doesn’t mention NI. Are they misleading people? Wouldn’t surprise me.

So you're paying a shoddy outfit for some worthless insurance. The question you should be asking is "can anyone suggest a way out of this mess?" instead of inviting Spoddy outside for a spot of fisticuffs.

If you read the detail of the insurance its not that great, only covers you for tax and not NI. Most of savings you make with GIANT Power House are on NI, so the insurance will cover you for the tax but not the bulk of the money you will owe on NI if the rev fail you, also it only covers me up to 2007.

Plus I had my current contract reviewed by a well respected Accountancy / Law firm and it failed, don't think it would stand much chance either if IR came to have a look.

I thought Giant insured you for this. Isn't that what you are paying for?

Exactly. If you are with Giant Powerhouse, you are insured against IR35 investigations (with Qdos)
If Qdos had thought that your contract didn't "pass" IR35, Giant would not have offered you the Powerhouse scheme.
Not sure what the insurance is worth, but you are officially insured anyway.

can I hold the coats ?

PM give me your details and lets take it from there, lets keep this off the site.

I would like to meet you face to face to sort this, you obviously like to hide behind your email. I'm not joking !!!!!

Oh yes there is spell check!

Are you blind as well as stupid?

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Also here'd IR have set up to big teams to invesitgate composites.

I''m currently with with GAINT Powerhouse try to gage the risk
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What's the risk of you learning to spell and string a sentence together? ---

I'm dyslexic geniunly, no spell check on this forum. I accept your appology in advance of you giving it.