Signing Opt-in/Opt out Working Regulations and not PAYE contractor

[Willy Win]

Currently going through onboarding process with agency for an Outside IR35 contract via my Ltd company with large end client. I am still to receive the SDS but the recruitment agency's onboarding team sent a form to state my decision to either opt in or opt out of the 48 hour plus related Working Time...

[Ariosa]

Hi everyone,

I've been reading lots of IR35 related threads (I'm still confused) but I would also really appreciate your feedback on my current situation.

I've been with this client since April 2020, renewed once and current contract ends end of coming March. Client has...

[petafin]

Hi,

As a IR35 contractor through an agency (not umbrella ), I am supposed to be paid weekly. I submitted my timesheets every week but my manager didn't approve them until 1 month so he approved 4 timesheets in one go.

Now I received the payment for those 4 weeks from the agency...

[psv]

Hi All,

I recently started a contact after being in permanent employment for 4+ years. I'm operating through a LTD company as director. I'm using Primo Payroll (free version).

I updated previous income and tax deducted as per P45 on Primo payroll. I'm using standard tax...

[ChairmanMeow]

Hi All,

So I've been out of contract since the beginning of March..... I have now taken the plunge and have gone perm and I plan to close the Limited Company, its just not viable anymore.

I have always paid myself through a mix of Salary and Dividends, although this year...

[psv]

Hi All,

I'm new to this forum and this is my very first post/query.

My permanent role was made redundant a couple of months ago. I used to contract few years ago via my own Limited company which has been in dormant state for last 3 years. Last month (Sept) I started a...

[ContractorConsultant]

Hi all, I have searched the forums but haven't been able to find information that will help answer my query, so I hope that you can help.

I had been contracting with my LTD company for the past 10 years in various UK organisations all outside IR35. All was going well but as a result of...

[mowog]

Hi all,

I'm new here, and also new to contracting.

I've been offered a 6 month public-sector contract with what seems to me like a fairly mind-boggling day-rate. I've been told by the recruitment agency that I can either be paid PAYE through them, or go through an umbrella...

[johnhooper]

Hello, I've been contracting in the UK at an American bank since August 2019.
I'd like to be transferred to the NY Office as soon as possible. However, from what I understand regarding the L1 Visa, you need to be an employee for at least 1 year with the bank.
Do my months as a contractor...

[borisk66]

Surely, based on existing standard contracts, the agency will ordinarily be in breach of contract by making these deductions instead of paying gross?

Most agency>PSC contracts state a rate, say £500+vat per day, so agency is under a contractual obligation to pay £600 to that PSC,...

[Ramsayp]

Hi, I am interested in any information around 'director employee status' in the IR35 context i.e. I am effectively already a PAYE employee of my PSC I receive a salary and pension etc (I could even take this further and write my own HR policies). But more practically I have questions, if Im deemed...

[rootfox]

I just quit my full-time employment, formed a Limited company and started working directly with a client as a (what I believe to be) self-employed freelance IT consultant. I have just invoiced them for my first week's worked hours and soon expect my company to receive the payment.

I...

[LITSM]

I've finally taken the plunge and opened up own company. When it comes to paying myself I've read that it is best to pay yourself £8,164.00 per year so that you don't need to pay NIC but still get awarded the credits towards your state pension. However if I am to pay myself (it is only me working...

[jacob]

Hi folks,

I'll try and keep this succint.

If you're likely to be divorced one day, and (after happily paying full share of a child maintenance + any extra bits your child needs directly) you'd rather see most of your income used to grow a business and pay salaries, rather...

[fwd]

Hi, In the tax year of 2016/17 I only worked the final week of the year, (last week in April).

My invoice for the year was 2,750+550 VAT= 3,300 in total.

I am on the flat rate scheme @ 14%, what’s the treatment to get the maximum. Appreciate if someone could provide...

[bobrathbone79]

Hello,

I hope someone can give me some direction

I have a primary employer who pays me via PAYE at around £90,000. I have been there 10 years

I have been offered a second role at another company at £75,000 which I can perform as there is no conflict...

[Concorde]

Are contractors working with a public sector organisation through a PSC (ltd company) under IR35 deemed employment arrangements able to recover employer's national insurance contributions on company (PSC) pension contributions.
There seems to be volumes written about IR35 but can't seem to find...

[James131]

Hi everyone,

I'm new to running a limited company and I have made the mistake of paying myself and the other 50% shareholder solely in dividends - £15,000 since our incorporation on 03/02/2015. I should note that we're a new start-up and neither director has any other sources of income....

[eazy]

AccountingWeb : HMRC campaign causes collateral damage
http://www.accountingweb.co.uk/tax/b...lateral-damage

Rebecca Cave caught up with Philip Fisher, AccountingWEB columnist and BDO partner, to find out more about the issue.

...

[RolfBaxter]

Hi all,

I was wondering if somebody can advise me on paying a salary to myself and my wife.

I am the sole director of a private LTD. I am outside ir35 (or at least, believe myself to be and should have a pretty strong case). My wife is not a fee-earner but takes care...

[oldlag]

Having retired from full-time work I am hoping to continue working part-time but no more than 6 months in any calendar year. And this 6 months might be made up of a number of shorter periods throughout the calendar year.
I would prefer to set up a Limited Company rather than go through an umbrella...

[ds04225287]

Right, so i'm new to contracting and have decided to take the umbrella route as i'm not sure if this is long term.

Anyway, I have been quoted..

Giant:

Employers NI:£2844
PAYE tax: £3624
Employees NI: £2479

Paysteam:
...

[russtifer]

Hi there,

My ltd has been trading since mid-April. As of now, I haven't taken any salary or dividends. I've had no other income from other sources.

I'd like to extract some funds. I realise starting with a salary is the most efficient initial source because it's an expense...

[Cpo]

I've recently started contracting and setup a limited company. I got an accountant who advised me to take dividends at quarterly intervals and that he didn't think it necessary to setup payroll. When I asked him what about national insurance contributions he said something along the lines of, at the...

[cprelude]

Hi all,

I was wondering if I could get some advice on a situation I don't fully understand. My Ltd company is up and running, already in existence etc. However, I have just accepted a PAYE full-time job, and am unclear about what to do regarding my company. I do have an accountant on-side,...

[jubilee]

Hi, I formed my company in Dec 2011 and I pay a seperate employee a monthly salary - I have yet to pay myself anything. I was wondering if it makes any difference if I invoice before 5 April or not as I want to withdraw dividends for myself before 5 April tax year end (my personal allowance).
...

[blinko]

Hi all,

I am hoping to gain some advice on my salary/dividends.

This financial year apr 2011 - apr 2012 I have had 2 PAYE jobs for a total of 5 months. I have just started contracting in October and setup my own limited company.

I have earnt over the tax...

[wilson1973]

Hello to you all and thank you for passing by.

I'm a newbie contractor (all rather exciting stuff), so please bear with me.

I am a sole share holder in a limited company and VAT registered with my bank account setup, so in essence have the basic setup complete.
...

[syd433]

Hi,

I have just secured a contract which will be for the next year beginning in January 2012 based in Holland. My question is regarding tax liability:

I am a UK passport holder (born in UK but not lived there for years!) and I will be working through a UK based Agency who...

[richy]

Hi All

Anyone using HMRC PAYE online? I'm thinking to switch to do it myself.. and wonder if it has everything I need to just do it in the web browser.

My ltd co uses the an accountant to do our PAYE now. I email the Gross amounts each month.. accountant emails back the...