Reply to: Taking inside IR35 PS role

[northernladuk]

Normally I'd point out it's just one gig and look at the bigger contracting picture. The gig could fold before you walk in on the first day etc etc. But... Seems we are talking about you here, you've just come out of a PS gig, you are going in to another one. It looks like you've been pigeonholed now so could be safe to say you are a PS contractor now so shutting it might be an option I these circumstances. If you were in for one gig and likely to bounce out Id say different t.

[psychocandy]

Many of our contractors are using a brolly for Inside work and Ltd for outside.

E.g. "I was employed when I should have been employed. I use my Ltd for consultancy work Guvnor"

Yes maybe thats the best idea. Of course, still have to pay for accountant whilst working as brolly. Although to be fair they do have a half price deal...

Since my end of year is in a month and I'm just starting in an inside IR35 that could well roll for a while, I do wonder if its going to be worth closing the company down. And then re-open afresh at next contract - if its outside.

[WordIsBond]

correct DS you did, but you're not one of Eeks little minions which is why you were not mentioned

As obsessed with him as you seem to be, I'm starting to wonder if you are his sockie.

[Andy Hallett]

Many of our contractors are using a brolly for Inside work and Ltd for outside.

E.g. "I was employed when I should have been employed. I use my Ltd for consultancy work Guvnor"

[MrMarkyMark]

correct DS you did, but you're not one of Eeks little minions which is why you were not mentioned

Heres hoping all the many newcomers will contribute as much and pick up the slack.

I won't hold my breath

[Semtex]

And yours truly

correct DS you did, but you're not one of Eeks little minions which is why you were not mentioned

[DotasScandal]

As what Eek predicted....

And yours truly

[SueEllen]

IR35 inspectors to probe public PSCs retrospectively :: Contractor UK

Source is QDos, so not guaranteed they will come after you but I'd certainly put my mortgage on Hector trying it on.

qh

As what Eek predicted....

[quackhandle]

IR35 inspectors to probe public PSCs retrospectively :: Contractor UK

Source is QDos, so not guaranteed they will come after you but I'd certainly put my mortgage on Hector trying it on.

qh

[northernladyuk]

Why not have a look at the FAQ and see what that says?

Speaking of FAQs, FAQQer, could you put together an FAQ for public sector IR35?

[northernladyuk]

So whats the best approach if you've already got a limited company?

Since there are no expenses is it better to just go umbrella or something like paystream?

I guess you'd still need to keep paying things like accountants, ipse membership, insurance though. But you'd have no money coming into the limited for this?

Is that right?

In the nicest possible way, you have been operating 'borderline' 'it is what it is' IR35 on your BAU work for ages. Take this opportunity to close down the Ltd and work through an umbrella. You should be pretty safe then.

[quackhandle]

Link?

If I recall it was on here, let me see if I can find it.

qh

[TheFaQQer]

The fact that HMRC have stated that if you work inside IR35, (in the PS) then they're gonna come after you for some back tax.

Link?

[quackhandle]

The fact that HMRC have stated that if you work inside IR35, (in the PS) then they're gonna come after you for some back tax.

Do you really want to faff about with a Brolly?

Walk. The. F**k. Away.

qh

[TheFaQQer]

Couple of questions:-

1. Any advantage at all with staying limited rather than umbrella if its PS inside IR35?

2. Assume its less hassle for agency if you go umbrella? (because otherwise they'd have to sort the tax rather than umbrella doing it?)

3. Are agencies generally paying less if you dont use an umbrella? see question 2.

1) Have you read the FAQ?

2) Have you read the FAQ?

3) Who knows what each agency is paying? They might, they might not, they might even be cheaper than an umbrella. But you'd have to look at the agency and the umbrella and ask them what they are charging to be able to form an opinion.