Originally posted by Euro-commuter
- 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!
Reply to: 24 months rule for expenses
Collapse
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.
Logging in...
Previously on "24 months rule for expenses"
Collapse
-
Originally posted by richy_richHi all,
Has anyone ever had confirmation from I.R. how much time must elapse after you have worked on a contract + extensions which takes you up to 24 months before you can go back to the same client and start the whole 24 months period again?
I'm thinking along the lines of not being able to claim accomm & travel expenses after the 24 months but if I say go on holiday for 2 weeks at the end of the 24 months then get a new contract with the same client would this be seen as dodgy??
I know you can only claim 'until the point you are aware your contract will go over 24 months'.
Hope you understand what I'm talking about & let me know if there has been a similar post regarding this or is there a way around this? I've searched - honest
Cheers,
RR.
Leave a comment:
-
Originally posted by richy_richsomeone told me that if you wanted to, you could set up another limited company and start the whole 2 year period again with your new ltd co.
Waddya reckon? - bulltulip or fact - I'm guessing the I.R. would not be happy about it...
RR.
no, because the expenses relate to you as an individual rather than your Ltd Co.
same rule applies if you change Agency as well, or in fact the Client changes but the site remains the same [ ie you work @ Halifax and they get taken over by Barclays - it's still the same site ].
The only thing you can get away with is if you're not on site full time, then the 24 months gets pro-rata'd out...
Leave a comment:
-
someone told me that if you wanted to, you could set up another limited company and start the whole 2 year period again with your new ltd co.
Waddya reckon? - bulltulip or fact - I'm guessing the I.R. would not be happy about it...
RR.
Leave a comment:
-
I was told min of 6 months. I personally don't like to work anywhere more than 2 months unless it was 2 mins away from home. Joined contracting to get around and have the advantage of doing different things for different people. Same old Job Different Day is for Permie's.
Move on after your 2 years or don't claim expenses
Leave a comment:
-
They combine the 40% rule and the 2 year rule, so 60% not on site = 14.4 months.
Leave a comment:
-
The word they use is "significant". A period working at a significantly different location for three months would probably do it. However, HMRC do not do precision, it's all vagueness and irrelevancies, so there is no hard and fast answer.
Leave a comment:
-
24 months rule for expenses
Hi all,
Has anyone ever had confirmation from I.R. how much time must elapse after you have worked on a contract + extensions which takes you up to 24 months before you can go back to the same client and start the whole 24 months period again?
I'm thinking along the lines of not being able to claim accomm & travel expenses after the 24 months but if I say go on holiday for 2 weeks at the end of the 24 months then get a new contract with the same client would this be seen as dodgy??
I know you can only claim 'until the point you are aware your contract will go over 24 months'.
Hope you understand what I'm talking about & let me know if there has been a similar post regarding this or is there a way around this? I've searched - honest
Cheers,
RR.Tags: None
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: