Worth setting up a Limited Company now?

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.

fidot replied

10 December 2019, 08:21
Agree it is possible, but rare in an IT support role in my opinion
Leave a comment:
Old Greg replied

10 December 2019, 08:12
Originally posted by fidot View Post

Outside ir35?

No mutuality of obligation = outside IR35.
Leave a comment:
fidot replied

10 December 2019, 08:03
Outside ir35?
Leave a comment:
eldy replied

9 December 2019, 22:00
Theres plenty of IT support guys operating via limited company on those rates I.e £200 x 48 weeks = around 50k, almost double what you would get if you were perm in same sort of role

Sent from my SM-A705FN using Contractor UK Forum mobile app
Leave a comment:
Pogge replied

9 December 2019, 11:05
Originally posted by northernladuk View Post

I'd agree with Nat but I struggle to see how a 180 quid a day 12 month role is outside ir35. What are you doing?

This is an IT Support role (kind of a Junior role), they usually pay between £100 - £250 so I thought this was a good opportunity.

Should I go with an umbrella company instead?
Leave a comment:
Lance replied

9 December 2019, 10:14
Originally posted by northernladuk View Post

I'd agree with Nat but I struggle to see how a 180 quid a day 12 month role is outside ir35. What are you doing?

I too cannot see how £180 a day could pay for a role that is outside ir35.
I’m not sure that an IT contractor who’d work for that little, could manage to wipe his own arse never mind run an independent business.

Perhaps it’s a £350 a day role but the agency is having a laugh?
Or more likely the agency simply means that it’s the contractors determination now.
Leave a comment:
northernladuk replied

9 December 2019, 07:46
I'd agree with Nat but I struggle to see how a 180 quid a day 12 month role is outside ir35. What are you doing?
Leave a comment:
NotAllThere replied

9 December 2019, 06:29
At £180 a day, it's not worth setting up a ltd. co. anyway. The overheads are too high.
Leave a comment:
Pogge started a topic Worth setting up a Limited Company now?

8 December 2019, 22:01
Worth setting up a Limited Company now?

Hi all,

I know there are many sticky threads and posts regarding this, but I'm overwhelmed by all the information and not sure what is right for me at this point.

In short: I found a new IT role which is initially a 12-months contract (£180 per day) and most likely going ahead with it - it is outside IR35 and I can choose to do it through either Limited or Umbrella.

My question now, because of the IR35 changes in April 2020 - should I set up my limited company this week and do it through this or is it not worth it at this point?

I am still new to the "contracting life" so apologies for asking beginner questions.

Appreciate the help guys
Tags: None