Originally posted by eek
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Previously on "Is this the end for offshore umbrella companies??"
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Originally posted by eek View PostHow long do I have to join up with them for to get the joining on fee?
Could we all do 1 day @ £400 and then resign.
That would beat Old Greg's latest scheme on the return front....
Banana economics: buy 942lb of fruit, give it away - and make pounds 25 profit - News - The Independent
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Originally posted by eek View PostHow long do I have to join up with them for to get the joining on fee?
Could we all do 1 day @ £400 and then resign.
That would beat Old Greg's latest scheme on the return front....
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Perhaps the £750 is designed to help with the cost of fighting those nice people at HMRC http://forums.contractoruk.com/hmrc-...gh-darwin.html
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Got a email this morning from them via CWJobs, offer 750 notes to join them and 90% pay
epidm.edgesuite.net/PJBCRBI/CW_Jobseeker/Client/2013/Darwin/CW_2ND_Darwin_darw_281013.html
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Originally posted by IR35 Avoider View PostAs I understand it, the agency will be liable if any money goes off-shore and as a result PAYE is avoided. How will my agency know that my PSC is not sending the money off-shore? If they can't know, won't they want to force me (and all other contractors) to only use white-listed on-shore umbrellas?
So this legislation could end the PSC even where there is no off-shoring going on?
If HMRC are able to legislatively define a supplier of labour and make them responsible for PAYE, are they really going to resist the temptation to put all contractors on PAYE?
Edited to add: have not been following this issue, so may well have completely misunderstood what is proposed.
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Originally posted by malvolio View PostNo. It stops the abuse of the umbrella system for the various agencies supplying workers to health care, teaching and various other trades who avoid their own costs by claiming to be subject to offshore arrangements, although that saving didn't necessarily roll on to the workers themselves...
The other schemes that attract the unwary freelance contractor will persist unchanged, they are after all completely legal. The problem is answering the question 'does a standard UK-based taxpayer working in the UK qualify for their use'. We would say not, but that remains legally unresolved.
So this legislation could end the PSC even where there is no off-shoring going on?
If HMRC are able to legislatively define a supplier of labour and make them responsible for PAYE, are they really going to resist the temptation to put all contractors on PAYE?
Edited to add: have not been following this issue, so may well have completely misunderstood what is proposed.Last edited by IR35 Avoider; 25 October 2013, 11:26.
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Originally posted by Old Greg View PostNot as much as I'd cry if I had the kind of retention rates you offer
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Originally posted by craig1 View PostI received a spam email from one of them this morning titled "Contractors - Retain 90% Of Your Income". UK "administration" office in Canterbury. It meets all the bingo words and phrases including "Senior Tax Counsel" approved, avoids IR35, fully insured, and so on
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Originally posted by Old Greg View PostI promise you it's true.
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Originally posted by craig1 View PostI wouldn't touch it unless it came with personal guarantees from the UK-based directors with securities lodged against their fully-paid up houses plus indemnities for everything to do with my tax affairs. Even then, I'd probably think twice and keep ignoring them.
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Originally posted by Old Greg View PostUnless it has the terms "Oude Joris" or "Dutch Antilles", my advice would be not to touch it with a barge pole.
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