New Ltd Co & New Equipment Purchase

[Mart001]

Erm, no. Just have it reviewed by one of the PCG preferred legal teams and get IR35 insurance. I think you'll find pretty much everyone here is operating outside of IR35.

What does the insurance cover though? I thought it just covered legal costs but any outstanding tax and NI you still have to pay?

[TheFaQQer]

Loads of companies don't allow you to use your own equipment on site or linked to certain things on their network due to security reasons.

True - so far, I've worked with one, both as a contractor and as a consultant before that.

[SueEllen]

Easier said then done i believe!

One of the reasons I am looking to purchase said hardware, so I can put a tick in that box of using my own equipment on the clients site.

I just hate being put next to the wingy permie

Doesn't work like that.

Loads of companies don't allow you to use your own equipment on site or linked to certain things on their network due to security reasons.

However as you are a limited and need equipment so you can get new clients because your old equipment is knackered, can't be carted around etc then you may have a business case for purchasing it.

[BolshieBastard]

Probably. Why don't you just make sure that the next contract is outside of IR35?

There's no such thing! Only HMRC \ SC can decide if a contract is outside IR35. Everything else is just an opinion.

[pleomax]

Yes ok makes sense.

I still have a permie head on for 40% of the time and the other 60% i am sleeping

so got to get myself over to PCG then, well that will keep me busy this evening then no watching Eastenders for me!


And thank you for the replies, I thought I was going to need my heat proof under pants then!

[pmeswani]

You make it sound so easy.

What is the average time frame on getting that done?

The last two contracts i have been on have been rush rush and didnt get the first one until the day befoer i was meant to be on site.

People mangeto get these things all in? Or am I still thinking like a permie (Only been contracting for 6 months).

You tell the agency to give you the contract a few days before the contract starts, or you won't set foot onsite until the contract has been checked and agreed. If they refuse to do it, tell them that you will respectfully turn the role down. If you have the clients details, drop him a letter apologising and tell them why you had to turn the role down.

[pleomax]

You make it sound so easy.

What is the average time frame on getting that done?

The last two contracts i have been on have been rush rush and didnt get the first one until the day befoer i was meant to be on site.

People mangeto get these things all in? Or am I still thinking like a permie (Only been contracting for 6 months).

[b0redom]

Erm, no. Just have it reviewed by one of the PCG preferred legal teams and get IR35 insurance. I think you'll find pretty much everyone here is operating outside of IR35.

[pleomax]

Easier said then done i believe!

One of the reasons I am looking to purchase said hardware, so I can put a tick in that box of using my own equipment on the clients site.

I just hate being put next to the wingy permie

[b0redom]

Probably. Why don't you just make sure that the next contract is outside of IR35?

[pleomax]

Ok myLTDCo is now Kosher. If I go and purchase new equipment i.e laptop and company mobile phone, both in co's name. And my next contract is in the grey area of possibly being inside IR35 could i be in trouble if i claimed back those purchases even if they happened prior to the IR35 contract?