Example IR35 Contract

[malvolio]

PCG membership may not be claimable as a professional subscription for CT purposes, but what's to stop you from claiming it as an expense against CT as accountancy/legal fees?

Because it isn't one? Because a director is legally required to be honest?

Actually you don't get the insurance anyway: PCG insures itself against the cost of supplying professional support to its members. And PCG membership fees cover an awful lot more than IR35 investigation insurance anyway.

[TheCyclingProgrammer]

PCG membership may not be claimable as a professional subscription for CT purposes, but what's to stop you from claiming it as an expense against CT as accountancy/legal fees?

[chef]

As long as you use the accountancy package wholly and exclusively for business purposes then it's not BIK. i.e IF you ever need an accounts package to do the membership of your local club accounts or for your wife's accounts then of course you'd buy another accounting package to abide by the terms and conditions of the license that it applies to wouldn't you? therefore PCG membership is not BIK but an expensable item even if it includes an accounting package the same way that paying your accountant is expendable whether or not they give you an accounting package as part of their deal. simples.

[Wanderer]

Is membership to PCG an expense you can put through your company?

What if it includes an accountancy package?

What if I just get confused by the stupid complex tax laws that you need a degree in politics to understand and put it through anyway.

[questiontime]

Ahh thanks, might be worth joining for that as it will be a proper contract.

Is membership to PCG an expense you can put through your company?

QDOS Freelancer Club has one, if I remember right. It is only forty quid.

[malvolio]

It's not a BIK but nor is it deductable for CT. There is a hugely detailed paper as to why, but to qualify as being CTable, we would have to give HMRC our full list of members. For some od reason, we kind of think that might not be a popular move.

[The Wikir Man]

Ah - found an old thread. I thought that to be a professional subscription, it needed to be on the HMRC approved list, which PCG isn't.

I agree with you, but my accountant thinks differently (but if that's the guidance, I'll stop declaring it as a BIK).

Is it corp tax that it's not an expense for, then? I can't remember these things these days....

[The Wikir Man]

No it's not. You wouldn't need it if it weren't for the existence of YourCo, hence it passes the wholly and exclusively test.

I thought in the past you had said that it was a BIK?

[malvolio]

Yes, but it's a BIK.

No it's not. You wouldn't need it if it weren't for the existence of YourCo, hence it passes the wholly and exclusively test.

[The Wikir Man]

Ahh thanks, might be worth joining for that as it will be a proper contract.

Is membership to PCG an expense you can put through your company?

Yes, but it's a BIK.

[ndoody]

Ahh thanks, might be worth joining for that as it will be a proper contract.

Is membership to PCG an expense you can put through your company?

[The Wikir Man]

The PCG has some on their website. You need to be a member to get access to some of them.

[ndoody]

I was wondering does anyone know of any good IR35 complient contract examples that exist?

Considering a direct contract with a company from my limited company with no agency but I would have to provide the contract.