Public sector IR35 consultation launched

[MrMarkyMark]

See. You have been paying attention.

If our normal business model is going to be totally f***ed, then the FLC is a possible way forward since it relies on you operating as a business and so avoids all this pseudo-IR35 nonsense. But I'm not going to get back into that argument again.

By coming up with the Freelance LTD Co idea, I would suggest this is IPSE rolling over.
Sorry, terrible idea IMO.

[gables]

By coming up with the Freelance LTD Co idea, I would suggest this is IPSE rolling over.
Sorry, terrible idea IMO.

What was the tax regime proposed with the FLC? I've thought a structure that was taxed like a sole trader (I am a sole trader after all) but provides protection against the problems for clients that stops us operating as sole trader might be an option.

[MrMarkyMark]

What was the tax regime proposed with the FLC? I've thought a structure that was taxed like a sole trader (I am a sole trader after all) but provides protection against the problems for clients that stops us operating as sole trader might be an option.

Gables, I cant recall TBH, I believe it's posted on here somewhere

[gables]

Gables, I cant recall TBH, I believe it's posted on here somewhere

Fair dos, I was being lazy

[eek]

What was the tax regime proposed with the FLC? I've thought a structure that was taxed like a sole trader (I am a sole trader after all) but provides protection against the problems for clients that stops us operating as sole trader might be an option.

Nope that would now sense there was restrictions on how much could be extracted, pay was via paye and I really can't remember the rest as I gave up on about page 2 - due to its utter insanity

[malvolio]

Nope that would now sense there was restrictions on how much could be extracted, pay was via paye and I really can't remember the rest as I gave up on about page - due to its utter insanity

the intention was to provide a vehicle that was guaranteed clear of IR35 (and hence the current plans for PS payment) lying somewhere between permie and Ltd Co in terms of returns and providing assurance on status to both sides, if you qualify to use one. I've no idea where it is now, or even if it is still up for discussion. However, it is one - and only one - possible way forward.

Perhaps we should be looking at it as a sane pre-emptive strike...

[TheFaQQer]

What was the tax regime proposed with the FLC? I've thought a structure that was taxed like a sole trader (I am a sole trader after all) but provides protection against the problems for clients that stops us operating as sole trader might be an option.

The published paper did not propose a tax regime, because it was a discussion paper for HMT to consider the options.

[TheFaQQer]

Nope that would now sense there was restrictions on how much could be extracted, pay was via paye and I really can't remember the rest as I gave up on about page 2 - due to its utter insanity

Maybe you should have read more, then. There was no restriction on how much could be extracted, save for a suggestion that a low level of capital should be retained by the business. There was no requirement to pay everything via PAYE.

The section on tax treatment begins on page 8, but if you can't be bothered to read the document, then you can't really be expected to understand what was being proposed.

[youngguy]

REC, CBI, IPSE, FSB, plus accountancy bodies as well will be engaging with HMRC at the moment and responding to the consultation.

HTH

Thanks, I was more referring to the Malv comments where he makes out something specific is happening but has no proof of the detail.

[youngguy]

See. You have been paying attention.

If our normal business model is going to be totally f***ed, then the FLC is a possible way forward since it relies on you operating as a business and so avoids all this pseudo-IR35 nonsense. But I'm not going to get back into that argument again.

If this is a suggestion/inference/ guess that ipse's proposals to Gov are FLC again then we really are all doomed!

IPSE should have learnt how little support their idea had the first time .