Reply to: PSC's

[wendigo100]

cheers chaps!

is the P35 something I will actually see and complete, or will it just be sucked up by the accountant? if so - how do they know how to answer this checkbox?

Thanks again- much appreciated!

If you haven't received it by now, it sounds like your accountant has it routed to him. If he does your wages that is probably the case.

I'd give him a bell to make sure, and ask him what he does with that checkbox.

[Burdock]

cheers chaps!

is the P35 something I will actually see and complete, or will it just be sucked up by the accountant? if so - how do they know how to answer this checkbox?

Thanks again- much appreciated!

[wendigo100]

The checkbox is on page 4 of the P35 annual return. You have to complete this form every year, at about this time. The form asks:

Do the rules relating to services provided through an intermediary (sometimes known as IR35) apply to any work carried out by any worker listed on this return?

If you tick yes, it asks whether you've made your deemed payment.

edit: whoops, CD beat me to it.

[Burdock]

Will I actually get to see these forms, or will they just be handled automatically (or even electronically) by my accountant? I signed a form giving him authorisation to deal with my affairs. Does this mean that the IR still send to me first?

Thanks!

[Captain Dispensable]

Never seen an IR35 return, maybe because I'm not operating through a PSC


But yes as you say, the wording on the P35 may be as follows, seems they've changed it since I last looked, but it all boils down to the same:

"Do the rules relating to services provided through an intermediary (sometimes known as IR35) apply to any work carried out by any worker listed on this return?"

[Sockpuppet]

The stupid box on the IR35 return. I.e. the question "Does any of your work here fall under IR35" yes/no answer. Then the next question is "If yes, have you paid enough tax".

[Captain Dispensable]

Sorry- dumb question- which box on which form are we referring to?

Not 100% sure as my accountant does all the paperwork nowadays, but I think it might be this one on the P35 - Employer's Annual Return:

Do the rules relating to payments for services provided
through a Service Company or a Partnership apply to
any of your business income?

Or it may have been on the company incorporation forms. Just keep your eyes peeled it's out there somewhere!

[SallyAnne]

Told you he wouldn't be happy!

[Kyajae]

Smilies cannot describe what I am feeling. I'll let you off as at 3 letters PSC is excluded from searches.

Told you he wouldn't be happy!

[Sockpuppet]

Hi I'm a newbie and have a daft question

What the feck is a PSC anyway? Is it the same sort of thing as an umbrella? Or is it another name for our limited companies?

Smilies cannot describe what I am feeling. I'll let you off as at 3 letters PSC is excluded from searches.

[Burdock]

Sorry- dumb question- which box on which form are we referring to?

[Captain Dispensable]

A personal service company is what HMRC now call your limited company that supplies your services.

Only if you voluntarily tick the box that asks "Is this company a personal services company?" i.e. We have this thing called IR35 but need you to tell us to apply it to you.

Hint: Don't tick the effing box!

[Kyajae]

shouldn't that be Personnel Service company ?
Personal service company is a bit ..erm too personal.

Sorry. I was having a quick fantasy. Better now!

[SallyAnne]

Hi newbie

A personal service company is what HMRC now call your limited company that supplies your services.

And if people will keep using it it will become a generally accepted term along the lines of "disguised employee"

There is no legal basis for distinguishing different types of limited company in this way and it should not be encouraged.

Ah - so it was good that I didn't know what it was then yay me

[andy]

shouldn't that be Personnel Service company ?
Personal service company is a bit ..erm too personal.