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paye

  1. Z

    PAYE Versus Fixed Term Contract for Mortgage Application

    I am looking to apply for a first time mortgage but, now being faced with the dilemma of taking a 6 month PAYE role via a recruitment agency or another 12 month fixed term contract direct with an employer, I'm unsure which would make me more of a risk to a lender. Although I have been...
  2. W

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

    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...
  3. A

    Being offered renewal under umbrella, unsure about where to go from here

    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 offered me a...
    • Ariosa
    • Thread
    • ir35 limited company paye umbrella
    • Replies: 24
    • Forum: IR35 Reform
  4. P

    Higher tax band if timesheets not approved on time

    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 but they put...
  5. P

    Negative tax on employee payslip

    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 code 1250L. Last month...
  6. C

    Director PAYE going Perm

    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 I have not declared...
  7. P

    Payroll query

    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 contact for 3 months...
  8. C

    Offered new contract. Told it has to be PAYE or Umbrella. Which should I choose?

    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 the HMRC...
  9. M

    Umbrella vs. Agency PAYE?

    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 company. Both they...
  10. J

    L1 Visa Questions

    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 account...
    • johnhooper
    • Thread
    • contractor l1 visa paye visa
    • Replies: 0
    • Forum: General
  11. B

    IR35 deductions - breach of contract

    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, full stop...
  12. R

    Director employee status in IR35

    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...
  13. R

    Do I really need to register for PAYE as an IT Consultant in my own Limited company?

    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 have been...
  14. L

    Just opened my LTD, how to deal with paying myself?

    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...
  15. J

    Becoming a spousal maintenance cash cow - or not

    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 than pay a work shy...
  16. F

    Accounting & Pay for 1 week in the tax year

    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 a breakdown. I have an...
  17. B

    Existing PAYE employee with second job. Conttact or PAYE ??

    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 with the primary. i have the option of...
  18. C

    IR35 Employer Pension Contributions

    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...
  19. J

    Retrospectively claim dividends as salary - how far back?

    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. I'm...
  20. E

    Tax Schemes - Agencies being hit

    AccountingWeb : HMRC campaign causes collateral damage http://www.accountingweb.co.uk/tax/business-tax/hmrc-campaign-causes-collateral-damage Rebecca Cave caught up with Philip Fisher, AccountingWEB columnist and BDO partner, to find out more about the issue. 26th Jul 2016 : Innocent...

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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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