IR35 accross 2 contracts

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.

DGA replied

3 October 2005, 13:04
OK thanks.

Looks like I am stuck with the umbrella for the rest of this contract.
Leave a comment:
Rebecca Loos replied

3 October 2005, 08:59
handsfree is right. Each contract has got its own "IR35 stamp". Either it passes it or it doesn't. HMRC will look at each revenue stream individually as it were. So get 100% dividends from income from your 2nd contract, and do as you currently do for the income derived from your 1st contract.
Leave a comment:
handsfree replied

3 October 2005, 08:54
No
Leave a comment:
DGA started a topic IR35 accross 2 contracts

3 October 2005, 08:45
IR35 accross 2 contracts

I am half way through my first contract which is caught by IR35 so use an umbrella. Lets say I set up a LTD but do not draw dividends just a salary enough to live on (leaving most of the money in the company account) then if my next contract is IR35 “friendly” can I then take dividends on all the income, (e.g.: the income from the first contract and the second)?
Tags: None