Originally posted by toast
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Reply to: Umbrella companies and IR35
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Previously on "Umbrella companies and IR35"
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Originally posted by toast
2. What's the latest with IR35? Is it worth worrying about? I keep hearing that the chances of being investigated are so slim, that it's a risk worth taking.
Thanks in advance!
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Umbrella companies and IR35
Afternoon CUK - I would like to pick the brains of all you knowledgable chaps and chapesses for a moment if I may.
I've been using an umbrella company for a while, and they have recently told me that due to changes in legislation, from now on their structure and the way they handle payments will have to change.
This means that rather than passing all money to me at once, they have to split it all into minimum wage, then an extra payment, minus money for sick/holiday pay etc.
I'm not into all that, so this will be the final push I need to finally start a limited co.
I would greatly appreciate answers/comments on the following:
1. Assuming I treat my contract as within IR35, will I make slightly more money than using the umbrella company, due to the 5% allowance and registering for VAT?
2. What's the latest with IR35? Is it worth worrying about? I keep hearing that the chances of being investigated are so slim, that it's a risk worth taking.
Thanks in advance!Tags: None
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