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Previously on "advice re: 2 year rule"

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  • LisaContractorUmbrella
    replied
    Originally posted by lithium147 View Post
    Oh really, that means the whole London could be covered in that.

    Also, if its journey time, how about moving home/office? Does that affect the 24 month rule?
    Yes it could cover the whole of London - you could have one contract on one side and another on the other side but your journey time to both is an hour and the distance is similar then the 24 month rule will apply.

    With regard to moving house - really????? Just to avoid the 24 month rule????

    Leave a comment:


  • NotAllThere
    replied
    Originally posted by shaunstrudwick View Post
    hello there - this is my first post

    i am fairly new to contracting and i am contracting through an Umbrella company

    i began my current contract in Jan 2011 and this was my 1st contract position since leaving a perm job (with a different company - based in Liverpool actually)

    the company i am contracting for has just extended my current contract (without a pay rise i might add - no pay rise at all since i started...) which means i will now exceed the 2 year 'temporary' workplace rule and thereby preventing me claiming back any further expenses
    Important. If you have a contract through a brolly and it turns out to be the ONLY contract you have through that brolly, you might find that ALL T&S expenses will be not claimable, as HMRC will view that as a permanent position.

    I.e. if you work through a brolly (or a ltd co.) make sure you do at least two contracts before changing vehicle.

    Leave a comment:


  • lithium147
    replied
    Originally posted by LisaContractorUmbrella View Post
    The actual word within the 24 month rule is "significant" - unless the journey distance and time is "significantly" different the 24 month rule will apply - the square mile is just an illustrative example

    HTH
    Oh really, that means the whole London could be covered in that.

    Also, if its journey time, how about moving home/office? Does that affect the 24 month rule?

    Leave a comment:


  • cojak
    replied
    Originally posted by lithium147 View Post
    From this one: http://www.hmrc.gov.uk/helpsheets/490.pdf

    Example
    Eloise, a computer consultant, is the only employee of a company which she controls.
    She is a specialist in banking systems.
    She spends 18 months working full-time at the headquarters of a merchant bank in
    Lombard Street in the City of London. She then moves next door to design a new
    computer system for a different bank where she expects to stay working full-time for
    22 months.
    After that assignment she moves to work at a bank close by on Cheapside for
    17 months.
    Eloise is not entitled to tax relief for her travel from home to these workplaces,
    because the nature of her work is such that she expects to work continuously in the
    'Square Mile' albeit on the premises of different banks. So her travel from home to
    work will be broadly the same every day, year in year out (see paragraph 4.6).


    So how do they define 'Square Mile'? Does that mean literally a square mile?
    Sounds a bit arbitrary to me.

    However, there are banks in other places, for instance the bank of america is in croydon.
    lithium147 - if you do not know enough about UK business to understand this I do not expect you to offer advice to others on the professional forums.

    Be aware that I will remove any incorrect or dumb advice from you from now on.

    Leave a comment:


  • LisaContractorUmbrella
    replied
    Originally posted by northernladuk View Post
    Can we claim it as a business expense?
    between a contractor and HMR&C? Sure we could put together a good case

    Yeah no we couldn't

    Leave a comment:


  • northernladuk
    replied
    Originally posted by LisaContractorUmbrella View Post
    Could we hire a box? Champagne, opera glasses, we could all dress up - make a night of it - what do you reckon?
    Can we claim it as a business expense?

    Leave a comment:


  • LisaContractorUmbrella
    replied
    Could we hire a box? Champagne, opera glasses, we could all dress up - make a night of it - what do you reckon?

    Leave a comment:


  • captainham
    replied
    Originally posted by northernladuk View Post
    It's gonna be like a Giant Haystacks V Mr Muscle fight to do the death.
    Ow ow ow, hot tea snorted out the nose is painful, thanks for that.

    You must spread some Reputation around before giving it to northernladuk again.

    Leave a comment:


  • northernladuk
    replied
    Originally posted by captainham View Post
    Get in line, I bagsied front row.
    It's gonna be like a Giant Haystacks V Mr Muscle fight to do the death.

    Leave a comment:


  • captainham
    replied
    Originally posted by northernladuk View Post
    When you get investigated can you sell me a front seat ticket when he goes through your books?
    Get in line, I bagsied front row.

    Leave a comment:


  • northernladuk
    replied
    Originally posted by lithium147 View Post
    From this one: http://www.hmrc.gov.uk/helpsheets/490.pdf

    Example
    Eloise, a computer consultant, is the only employee of a company which she controls.
    She is a specialist in banking systems.
    She spends 18 months working full-time at the headquarters of a merchant bank in
    Lombard Street in the City of London. She then moves next door to design a new
    computer system for a different bank where she expects to stay working full-time for
    22 months.
    After that assignment she moves to work at a bank close by on Cheapside for
    17 months.
    Eloise is not entitled to tax relief for her travel from home to these workplaces,
    because the nature of her work is such that she expects to work continuously in the
    'Square Mile' albeit on the premises of different banks. So her travel from home to
    work will be broadly the same every day, year in year out (see paragraph 4.6).


    So how do they define 'Square Mile'? Does that mean literally a square mile?
    Sounds a bit arbitrary to me.

    However, there are banks in other places, for instance the bank of america is in croydon.
    When you get investigated can you sell me a front seat ticket when he goes through your books?

    Leave a comment:


  • LisaContractorUmbrella
    replied
    Originally posted by malvolio View Post
    And just to be pedantic (who, me? ) the Square Mile is shorthand for the London financial district, which is pretty much the whole of the original City of london.
    Yes and it was being used as an illustrative example

    Leave a comment:


  • malvolio
    replied
    Originally posted by LisaContractorUmbrella View Post
    The actual word within the 24 month rule is "significant" - unless the journey distance and time is "significantly" different the 24 month rule will apply - the square mile is just an illustrative example

    HTH
    And just to be pedantic (who, me? ) the Square Mile is shorthand for the London financial district, which is pretty much the whole of the original City of london.

    Leave a comment:


  • LisaContractorUmbrella
    replied
    Originally posted by lithium147 View Post
    From this one: http://www.hmrc.gov.uk/helpsheets/490.pdf

    Example
    Eloise, a computer consultant, is the only employee of a company which she controls.
    She is a specialist in banking systems.
    She spends 18 months working full-time at the headquarters of a merchant bank in
    Lombard Street in the City of London. She then moves next door to design a new
    computer system for a different bank where she expects to stay working full-time for
    22 months.
    After that assignment she moves to work at a bank close by on Cheapside for
    17 months.
    Eloise is not entitled to tax relief for her travel from home to these workplaces,
    because the nature of her work is such that she expects to work continuously in the
    'Square Mile' albeit on the premises of different banks. So her travel from home to
    work will be broadly the same every day, year in year out (see paragraph 4.6).


    So how do they define 'Square Mile'? Does that mean literally a square mile?
    Sounds a bit arbitrary to me.

    However, there are banks in other places, for instance the bank of america is in croydon.
    The actual word within the 24 month rule is "significant" - unless the journey distance and time is "significantly" different the 24 month rule will apply - the square mile is just an illustrative example

    HTH

    Leave a comment:


  • captainham
    replied
    Oh. Dear. Lord.

    I'm guessing you're not from around these parts...




    Doh, ignored my own Ignore list!

    Leave a comment:

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