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Previously on "March payment due end of April - IR35"

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  • WordIsBond
    replied
    Originally posted by ladymuck View Post
    2. Yes, I'd be worried about doing the same job now deemed inside when it was previously treated by you as outside. Estimate your liability should HMRC decide your whole time there was inside and invest in lube.
    Not quite. Lube doesn't collect interest.

    If you had a contract review, you won't have penalties. Estimate your liability should HMRC decide your whole time there was inside and put that amount in a six month bond. If they don't come calling in that time, roll it over for another six month bond. If they still haven't come calling, and there aren't any reports about them going after people historically, maybe you've dodged it, roll it over into a year bond to get a higher rate.

    Whatever you do, don't touch the money until six years have gone by, but you might as well earn some interest on it.

    If you didn't have a contract review, then you are vulnerable to penalties as well. In that case, your options are to just declare the contract as being inside from day one, or to not renew and get away from there so your name isn't on a list with "outside before, inside after".

    Leave a comment:


  • ladymuck
    replied
    1. If you're deemed inside by the client then, yes, all payments made from 6 April onwards will have the PAYE treatment. The company that pays should should provide details of what deductions they will be making and drawing up a new contract.

    2. Yes, I'd be worried about doing the same job now deemed inside when it was previously treated by you as outside. Estimate your liability should HMRC decide your whole time there was inside and invest in lube.

    Leave a comment:


  • redman123
    started a topic March payment due end of April - IR35

    March payment due end of April - IR35

    Testing
    Last edited by redman123; 3 November 2021, 10:37.

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