Reply to: 40%/24 month rule query

[LisaContractorUmbrella]

We've all seen your work, Lisa. Georgi Markov - Wikipedia, the free encyclopedia

Took me a while to get the reference but

[northernladuk]

Which sticky would you like to be dropped for this one?

Forum App or loans one moved to a single resource area? The Belgium one can't relate to that many people but it is very well read and good info in it so would be a shame to lose it.

I still get a lot of kick backs from the Accountant Recommendation ones so that should stay..










Am kidding ok!!

[cojak]

Could this be made a sticky?

Which sticky would you like to be dropped for this one?

[Old Greg]

Were you attacked by an umbrella as a child DD?

We've all seen your work, Lisa. Georgi Markov - Wikipedia, the free encyclopedia

[LisaContractorUmbrella]

Every 24 months, an umbrella company needs to get a new dispensation, which means that you can claim for food you didn't purchase, journeys you didn't make, things you didn't buy and get it all tax free.

HTH

Were you attacked by an umbrella as a child DD?

[Bellona]

Could this be made a sticky?

Thirded

[Mr_Z]

How many more times....

a) It's about the journey, not the client and not why you are there

b) Go to the known (or anticipated) end date of your current gig.

c) Count back 24 months by the calendar.

d) If between those two dates you have spent less than 40% of your time at that location, the 24 month rule doesn't apply.

e) Reassess it weekly in case it changes to over 40%. As soon as it does the 24 month rules will apply.

Oh to be blessed with such godlike genius and all encompassing knowledge.....
I have read lots of threads about this but points c to e explain it well relating to this situation. cheers for the reply!

[DirtyDog]

Brilliant - where do I sign up. And no doubt they have a fairly official looking page on the internet that states that all of this is above board and HMRC are all tickety boo with it.

Absolutely - they can guarantee a return of up to 99% of your gross rate because of the 24 month rule.

Just send me your bank details and I'll do the rest.

[BoredBloke]

Every 24 months, an umbrella company needs to get a new dispensation, which means that you can claim for food you didn't purchase, journeys you didn't make, things you didn't buy and get it all tax free.

HTH

Brilliant - where do I sign up. And no doubt they have a fairly official looking page on the internet that states that all of this is above board and HMRC are all tickety boo with it.

[DirtyDog]

What is this 24 month rule. Could somebody explain it to me?

Every 24 months, an umbrella company needs to get a new dispensation, which means that you can claim for food you didn't purchase, journeys you didn't make, things you didn't buy and get it all tax free.

HTH

[BoredBloke]

What is this 24 month rule. Could somebody explain it to me?

[LisaContractorUmbrella]

Could this be made a sticky?

Seconded

[MyUserName]

How many more times....

a) It's about the journey, not the client and not why you are there

b) Go to the known (or anticipated) end date of your current gig.

c) Count back 24 months by the calendar.

d) If between those two dates you have spent less than 40% of your time at that location, the 24 month rule doesn't apply.

e) Reassess it weekly in case it changes to over 40%. As soon as it does the 24 month rules will apply.

Could this be made a sticky?

[northernladuk]

You could try using the search method as detailed in the Welcome section first. Plenty of discussion on this around.

This rule has nothing to do with client and is all about location.

[malvolio]

How many more times....

a) It's about the journey, not the client and not why you are there

b) Go to the known (or anticipated) end date of your current gig.

c) Count back 24 months by the calendar.

d) If between those two dates you have spent less than 40% of your time at that location, the 24 month rule doesn't apply.

e) Reassess it weekly in case it changes to over 40%. As soon as it does the 24 month rules will apply.