Within IR35 and you get taxed twice or am I being really stupid?

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Troll replied

9 January 2007, 14:32
Originally posted by zeitghost

Good man/woman/alien/demon/whatever...

With 6k+, it may take you a while.

Have you ever done a cost (to the client) per post analysis?
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Mervalous replied

9 January 2007, 14:25
I will be going through checking all of your posts later, I'll put together an excel doc with all the mistakes and expect them fixed by COB Wednesday
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Troll replied

9 January 2007, 14:21
Originally posted by wendigo100

In IT, one wrong character can bring down a whole system. Hardly anyone understood your post until it was corrected.

Yes, a suprising oversight for a 'Tester' for whom accuracy should be paramount .... you're not working in software testing for Air Traffic control systems are you?
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wendigo100 replied

9 January 2007, 14:16
Originally posted by Mervalous

Blimey you lot are strict, I'll admit I'm a stickler for spelling but I didn't know we took grammar to heart on here, note taken

In IT, one wrong character can bring down a whole system. Hardly anyone understood your post until it was corrected.
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Mervalous replied

9 January 2007, 13:45
Originally posted by wonderwaif

I'm not sure why you think being a software tester puts you inside of IR35.
I'm a Test Analyst and me and my accountant both think I'm outside IR35*.
It's down to the contract\way of working.

*Obviously doesn't mean that the IR would necessarily agree

Just mainly the way I have seen IR35 work all the Software tester contractors Ive known have been just like employees, Ill try my best to get out of it though
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wonderwaif replied

9 January 2007, 12:56
Originally posted by Mervalous

From what Ive been reading it may be difficult for me to fall OUT of IR35, my job is a software tester but I will try and peak to some other software testers and see how tnhey get round it, just seems the nature of what i do would put me within IR35 from the definitions Ive seen. Obviously I do need to do more research though.

I'm not sure why you think being a software tester puts you inside of IR35.
I'm a Test Analyst and me and my accountant both think I'm outside IR35*.
It's down to the contract\way of working.

*Obviously doesn't mean that the IR would necessarily agree
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Mervalous replied

9 January 2007, 12:42
Blimey you lot are strict, I'll admit I'm a stickler for spelling but I didn't know we took grammar to heart on here, note taken
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Bear replied

9 January 2007, 11:46
Originally posted by Mervalous

Dont forget we cant all be experts in everything.

Including the English language!!

(sorry - couldn't resist)
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Troll replied

9 January 2007, 11:18
Within IR35 and you get taxed twice or am I being really stupid?

Yes...next!
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Mervalous replied

9 January 2007, 11:16
I knew Id get those sort of replies, trust me Im not stupid and have pretty good commoon sense but my whole working life has been PAYE, not need to know how any of the other stuff works and seeing as there is a lot to learn in one big lump sometimes I just got a bit confused, I can honestly admit it really was quite obvious in the end as soon as someone said the CT tax is on profit.

Dont forget we cant all be experts in everything.
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Bear replied

9 January 2007, 10:17
I suggest you get a permie job!
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andy replied

9 January 2007, 09:59
Originally posted by Mervalous

Within IR35 and you get taxed twice or am I being really stupid?

you are being really stupid
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Mervalous replied

9 January 2007, 09:48
aha sory guys I was being a bit dense, missed the whole CT tax is on profits thats all.

I havent got a contract yet, Im waiting till around the end of Jan to start looking. From what Ive been reading it may be difficult for me to fall OUT of IR35, my job is a software tester but I will try and peak to some other software testers and see how tnhey get round it, just seems the nature of what i do would put me within IR35 from the definitions Ive seen. Obviously I do need to do more research though.
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ASB replied

8 January 2007, 21:08
Originally posted by VectraMan

What happens if you lose an IR35 investigation? You have to pay the extra income tax, but presumably get back the corporation tax you've paid. Do they just work out the balance?

That is the interesting one......

You'll need to reopen the CT year and there just might be circumstance where that can't happen. Same if you've paid divis etc. There is some guidance in the parctioners guide on HMRC website.

In theory it makes no difference iat the end of it all, but I'm not entirely convinced.
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VectraMan replied

8 January 2007, 20:48
What happens if you lose an IR35 investigation? You have to pay the extra income tax, but presumably get back the corporation tax you've paid. Do they just work out the balance?
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