Originally posted by mace
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Reply to: Ongoing Contract
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Previously on "Ongoing Contract"
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And if they decide that you've deliberately and knowingly not paid I believe the 6 years restriction is out the window and 20 years is possible.
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Originally posted by TheFaQQer View PostI just rely on there being so many better candidate for HMRC to choose than me!!
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Originally posted by Sockpuppet View PostHe also commented that "IR35 is dead"
One argued that IR35 was dead "because the Arctic case is coming up next week..." when the judgement was due.
I just rely on there being so many better candidate for HMRC to choose than me!!
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Inland Revenue penalty
Shoes,
You're forgetting the 100% penalty which the revenue can charge. That said, IR35 is on a per-contract basis. Unless you've been doing long contracts, the tax bill shouldn't be that great.
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Originally posted by malvolio View PostSo that's £60k missing tax, plus interest at 5% pa - can't do the sums in my head but call it £5k
Add in somewhere between £5k and £15k legal costs, you get to £75k very easily.
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Originally posted by shoes View PostMaybe it's just worth gambling that they won't come knocking. If they do, and decide you are inside IR35 for a particular contract, which means you should have paid them 10k for example, how much will the bill end up being? Does anyone know?
Add in somewhere between £5k and £15k legal costs, you get to £75k very easily.
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I don't see how that's IR35-relevant. Maybe the contract's just an umbrella agreement under which he does various bits of work, but there's no obligation (mutual or otherwise) to offer or do such bits of work. Or maybe he's contracted to produce a certain thing for them, rather than just to park his arse on a seat until date x.
The contract under which British Gas supplies gas to my house doesn't have an end date, but that doesn't make their employees mine.
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Maybe it's just worth gambling that they won't come knocking. If they do, and decide you are inside IR35 for a particular contract, which means you should have paid them 10k for example, how much will the bill end up being? Does anyone know?
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Ongoing Contract
So currently working with a guy who is on an "ongoing" contract. Basically his contract has no termination date.
He reckons that he is not caught by IR35 and is working through his own ltd company.
Now I always thought that not having a termination date would leave you foul of MOO?
He also commented that "IR35 is dead". Not sure he's in a great position should HMRC come knocking.Tags: None
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