Will VAT loophole end contractor job?

[Grinder]

So they want to grab more money from banks? Another genius idea.

[swamp]

Banks are not registered for VAT.

[Grinder]

I'm confused how this would affect anything. Unless you work for a non VAT-registered client - either very small business or perhaps public sector and charities.

Why would the government make a new law that would only make temps more expensive for themselves & charities

To answer the original question, if you already charge VAT on your fees (which you should be as you are supplying vat'able services) it wont make any difference.

Temps are different - they are supplied in such a way that you are virtually on the payroll, and the agency just charge vat on their cut.

[BrowneIssue]

The Times version of the same story.

I have a Ltd Company and I have a rolling contract through an agency. How is this likely to affect me?

You are not a temp. You are an employee of your LtdCo. Your services are sold by the agency and they will already be adding VAT.

This will not apply to you, I reckon.

[doa]

Is your end client VAT registered?

Yes.

[swamp]

I have a Ltd Company and I have a rolling contract through an agency. How is this likely to affect me?

http://www.thisislondon.co.uk/standa...sed/article.do

Is your end client VAT registered?

[doa]

I have a Ltd Company and I have a rolling contract through an agency. How is this likely to affect me?

http://www.thisislondon.co.uk/standa...sed/article.do