Reply to: limited company / IR35 etc

[Darren@UptonAccountants]

American Psycho

Yes, we can.

I am going to be asking CUK for the IP address, although I know which of our competitors it is, so is just a matter of proving it.

Looks like he may have given himself away in this thread!

Should know better than to mess with Am Psycho/Batman! Didn't spot this before, well done LG!

[dmini]

Anyway - Simon checked both the contracts I have had, and gave the correct answers! At a significantly lower cost than a umbrella with dodgy dispensations! I think £6 for lunch is the highest I've seen - apart from P4!

Thanks Simon

[The Lone Gunman]

Very much.

As did the girls in the office

Happy To Help.

[simondolan]

Simon: I know this isn't the correct place but..... Did you like my American Psycho thread?

http://forums.contractoruk.com/threa...an+psycho.html

Very much.

As did the girls in the office

[The Lone Gunman]

Simon: I know this isn't the correct place but..... Did you like my American Psycho thread?

http://forums.contractoruk.com/threa...an+psycho.html

[simondolan]

Hey Simon, why don't you sue this fool for defamation? Can you do that as a company?

Yes, we can.

I am going to be asking CUK for the IP address, although I know which of our competitors it is, so is just a matter of proving it.

[Cowboy Bob]

I recommend that you send your contract to filetravel, they will advise you whether you are caught by IR35. Their service is much better than SJD.

Hey Simon, why don't you sue this fool for defamation? Can you do that as a company?

[stevie]

I recommend that you send your contract to filetravel, they will advise you whether you are caught by IR35. Their service is much better than SJD.

[simondolan]

OK guys - esp for the accountants around here.
Checking out Simon's spreadsheet - the free download one, if you are within IR35, accountants fees are not a deductible expense - correct? Neither is postage etc.
Is this correct? I see various lists out there, many of which seem to allow postage, accountants fees etc, and comments earlier on this thread saying they were claimable, but I cannot find them as allowable on the HMRC site. I am also assuming that setup costs cannot be claimed back - ie company formation.

Also - one for Simon - how do I feed charitable giving - either from payroll or direct from the company into your spreadsheet. Both are allowable as far as I can see under IR35.

Correct - accountancy fees, postage, stationery, training etc etc not allowed when calculating the deemed salary. They are allowed for calculation Corporation Tax.

In terms of charitable donations, you would not be able to claim these against the deemed salary either. Instead you will claim the tax relief through making a claim on your personal tax return.

[dmini]

OK guys - esp for the accountants around here.
Checking out Simon's spreadsheet - the free download one, if you are within IR35, accountants fees are not a deductible expense - correct? Neither is postage etc.
Is this correct? I see various lists out there, many of which seem to allow postage, accountants fees etc, and comments earlier on this thread saying they were claimable, but I cannot find them as allowable on the HMRC site. I am also assuming that setup costs cannot be claimed back - ie company formation.

Also - one for Simon - how do I feed charitable giving - either from payroll or direct from the company into your spreadsheet. Both are allowable as far as I can see under IR35.

[ASB]

You can claim training but you can't offset it from your IR35 liabililty. Just one of the little iniquities in the IR35 rulebook. It's also one of the major complaints against IR35 outside the tax issue itself - you can't keep up in IT if you don't do training, so why is it not a business expense?

Surely it's not *quite* that bad. If the training is required for a specific contract then it should surely be claimable?

If one started in a VB role say and then got shuffled to a C# project then that would be claimable I think.

[expat]

You can claim training but you can't offset it from your IR35 liabililty. Just one of the little iniquities in the IR35 rulebook. It's also one of the major complaints against IR35 outside the tax issue itself - you can't keep up in IT if you don't do training, so why is it not a business expense?

The answer has been clearly stated by HMG: "If training is required for the job, the employer should provide it". Client doesn't want to train you for the next contract? That's your fault for having the wrong status: "if you have the correct status (i.e. employment) then the appropriate benefits will flow from that".

In other words, become an employee or else!

[malvolio]

You can claim training but you can't offset it from your IR35 liabililty. Just one of the little iniquities in the IR35 rulebook. It's also one of the major complaints against IR35 outside the tax issue itself - you can't keep up in IT if you don't do training, so why is it not a business expense?

[dmini]

Thanks
Simon, I will take you up on that, when I get sight of the contract. I am just looking at worst case, as it stands. Anything else is a bonus then!

Why can't you claim training? Because you are director or what?

Debbie

[malvolio]

Hmm... So now you know hy my previous accountant is my previous accountant.