Composites

[Jay54]

For a little while longer, before HMRC's current investigations into "artificially incorporated companies formed merely to avoid paying the correct amount of tax" conclude and they are shut down and you get a bill for back tax and interest. as an employee.

There are more intelligent ways to run your contracting work.

I wouldnt touch a composite with a hairy stick even if it were the last option. I agree with you Malvolio they are 'artificially incorporated companies' and my bean counter says they are schemes that should be cleared by the Revenue under some anti avoidance regulations

[malvolio]

not long contracting so will be interested in the majorities views because going through a composite seems like it could be pretty stress free

For a little while longer, before HMRC's current investigations into "artificially incorporated companies formed merely to avoid paying the correct amount of tax" conclude and they are shut down and you get a bill for back tax and interest. as an employee.

There are more intelligent ways to run your contracting work.

[Ardesco]

i would have said a composite is probably the least stress free option, especially when Hector comes to collect tax you haven't paid for the past 6 years.....

[grafter]

not long contracting so will be interested in the majorities views because going through a composite seems like it could be pretty stress free

[jukebox]

Which composite did he use?

Dunno but will email him and ask

[Ardesco]

I have an Ausie mate who used an offshore composite and last year got a bill from the tax man for a considerable amount of tax. He went back to Aus after that promising never to return to the UK!

So these composites aren't all bad then!!

[BoredBloke]

Which composite did he use?

[jukebox]

I have an Ausie mate who used an offshore composite and last year got a bill from the tax man for a considerable amount of tax. He went back to Aus after that promising never to return to the UK!

[malvolio]

What is the general view of people using these forums of composite companies and operating as outside of IR35?

Just how do you suppose your invoicing practices will affect your IR35 status? Sorry, your question fails the "Is this an intelligent enquiry" test and will be ignored.

[oraclesmith]

Best pick one with a name at the end of the alphabet as HMRC are compiling their hit list as we speak. IMHO !!

[Newby]

What a lovely question to start a tuesday! Let the battle commence!

Sounds like a to me!!!

[DaveB]

Hysterical laughter usually. That and Malvolio banging his head against a wall.

[autodial]

What is the general view of people using these forums of composite companies and operating as outside of IR35?