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hmrc

  1. L

    Sense-checking my financial/Ltd company thinking!

    Hi all! Hugely appreciate all of the expertise on this forum. Long time reader, first time poster. Just keen to make sure I've got the below correct. I started contracting in January 2026, and have a Limited Company setup. I have the following income streams: A monthly 'salary' from a...
  2. R

    25 years on and has much changed you ask... (RIP Rob Crossland)

    Good evening from sunny Staffordshire... My name is Rob and I am an.... ex-umbrella bod :tongue. I originally founded and was CEO of a business called Parasol which became Optionis etc. Before you swear at me, I fully and completely exited in late 2016 and had zero involvement with the Group...
  3. M

    Loan schemes

    Hi, Has anyone previously been involved with loan schemes and had to pay back HMRC? Were there any penalties involved and did you pay full tax on said loans? I know these umbrella companies already take 20% of the clients wage so do HMRC take that into account? I was using pembroke umbrella...
  4. R

    Unannounced HMRC visit

    On Friday morning whilst on a work call (I work mostly from home as an IT consultant through my ltd company), a gentleman claiming to be from HMRC knocked on my door asking for me by name. My partner answered and took a message, he left his name and number. I tried calling the number a few...
  5. R

    Gary Lineker scores against IR35 & HMRC

    EDIT: Ignore this. Apparently he used a General Partnership and not a Limited Company so IR35 did not apply for that reason. https://www.theguardian.com/football...r-49m-tax-bill So, contract directly with the end client, and IR35 doesn't apply. Now we just need a way to get rid of the...
  6. K

    Getting desperate - HMRC Loan Scheme

    Hi all I've just joined this forum as I really need some help and advice. Back in 2016/17 I was given (very bad) advice and joined an umbrella company who a few of my colleagues were also with and the company advised everything was above board and it was just another way to get paid. ​​​​​​...
  7. V

    HMRC Disguised renumeration - new approach by HMRC ("no requirement to operate PAYE")

    HMRC Disguised renumeration - new approach by HMRC ("no requirement to operate PAYE") I wonder if anyone else has received recent contact from HMRC similar to the attached please? I interpret this to say that because the company I worked through isn't in the UK they're deciding to come at me...
  8. B

    Corp Tax for Dissolved Company

    Ok, so after many years of O/S IR35 I've taken an Inside gig and decided to dissolve the Ltd Co I've been using. I tried to file a final CT return but the site wouldn't let me do it as it wasn't due, so I thought I'd dissolve the company and then file the final return on the anniversary when it...
  9. M

    100k+ Tax threshold through umbrella

    Hi all After having my tax code shifted around recently and taking a large tax chunk out of take home pay I am keen to understand the most efficient use of earnings in the new tax year coming up. My day rate with my agency is 500pd, meaning HMRC have put my expected earnings next year to be...
  10. J

    Expensing/Tax Relief on Computer Equipment - Umbrella Employee

    Hi, new to the forum and the contracting/umbrella world so apologies if this is the wrong section. I have recently become an employee for an umbrella company. The job that I am undertaking requires computer equipment (laptop) but I do not have one personally and currently just borrowing one. Is...
  11. I

    HMRC VAT Compliance check

    I was contacted by HMRC for VAT compliance check even though I have an appointed representative who is my accountant. They asked to see 4 years of paperwork. I directed them to my accountant. My accountant provided to them what they asked for. I am a few weeks into this compliance check process...
  12. H

    tax avoidance letter from HMRC Early intervention team

    Hi All I have received a very worrisome letter from HMRC Early intervention team with headline Context: I used an umbrella company for the first time and on recommendation from my recruitment agency I chose UmbrellaWorx Ltd. As I was checking my payslips (weekly), I found something amiss (...
  13. G

    Overpaid Employer's NI via Umbrella - how do I get it back?

    Hi I'm new to working through an Umbrella - I started an assignment in January of this year - the current contract is for 6 months - straddling 2 tax years. Prior to starting this role I had taken some time out, so for the tax year 2020/21 I only had 2 monthly salary payments - in Feb and...
  14. C

    Is it fair for contractors to pay Employer’s NI from his day rate?

    Umbrella companies deduct employer NI and employee NI from a contractor’s day rate agreed with the hiring manager. Is this fair? Is the umbrella companies just a facade for double NI collection from a contractor’s day rate? Most hiring managers are not even aware that employer’s NI is being paid...
  15. M

    Opening New limited company

    I was having a limited company with my Brother. I was not having voting right and holding less than 10% share. I sold my share to my brother and resigned as director in Dec2020. My brother liquidate the company recently and will claim ER. If I open new limited company in UK on my sole name...
    • mike78
    • Thread
    • company director company formation entrepreneurs relief hmrc liquidation
    • Replies: 4
    • Forum: Business / Contracts
  16. ladymuck

    FFS HMRC, how hard is it??

    I couldn't find my previous rant about the state of my MTD VAT Account where HMRC say that what I owe is less than the amount declared in Box 5. Anyway, after noticing that they finally were accepting that I owed the Box 5 figure and not some far lower figure, I set up the direct debit to...
  17. J

    Dutch contractor living in UK but working (remote) in the Netherlands

    Hi all, Looking for some guidance and would appreciate your thoughts. I'm a Dutch national and have lived in the UK for 3 years now. I have a pre-settled status and no National Insurance number. I'm a freelance IT consultant and my limited company is based in the Netherlands. I currently have...
  18. F

    Help: HMRC Enquiry Letter

    Hi All, Hoping for some advice; On Saturday i received a letter from HMRC regarding me being potentiality involved in tax avoidance - referencing Spotlight 45: Umbrella Companies offering to increase your take home pay The contracting world is all new to me and i followed my colleagues by...
  19. O

    How can I check if I have a Protected year?

    I am unclear whether I have any HMRC "Protected" years. I don't recall having received any letters indicating a year is under assessment or Protected. I'm unclear on how to confirm. I checked my previous self assessment years online via the government gateway, self assessment. All my listed...
  20. C

    Furlough with yearly RTI submissions

    Hi, I'm currently trying to Furlough myself under my limited company but the HMRC site states that I'm not eligible as there is no body listed on the payroll, I have been on the payroll for the last 8 years and this shows under the HMRC basic tools app I use to make submissions. I currently...

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  1. Contracting
    1. General
      1. Brexit
    2. Business / Contracts
      1. Coronavirus Assistance
    3. Accounting / Legal
      1. Umbrella Companies
      2. HMRC Scheme Enquiries
      3. The Future of Contracting
      4. IR35 Reform
    4. Technical
    5. Welcome / FAQs
  2. Social
    1. Light Relief
    2. Social / Events
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