As per Autumn Statement, umbrella employees will no longer be able to claim T&S expenses in next tax year. Is there anything else you guys expect to claim, with the new law in place? I can't think of anything significant I could lawfully claim on a regular basis.
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Umbrella and expenses in tax year 2016/2017
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Interesting related article on this site today penned by Marc Scott, director of umbrella company Liberty Bishop.
Why it's all change for umbrella companies (and umbrella contractors) from April :: Contractor UK
For virtually all umbrella workers it looks like ALL expenses are now doomed after April 5th.
Further, if it can be proved that expenses are due (difficult, pain-in-the-ass for all involved), they can only be claimed 'en-mass' at the END of the tax year via a tax return .. most people who complete a tax return submit one online in the last week of January.
The comfortable model of working via an umbrella being paid weekly; claiming travel, accommodation and other expenses applied weekly is history.
I suspect that most of those who choose to work through an umbrella will simply 'forget about expenses-too much hassle', instead they'll only be looking for contracts 'near' to home.Comment
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Originally posted by SunnyInHades View PostI suspect that most of those who choose to work through an umbrella will simply 'forget about expenses-too much hassle', instead they'll only be looking for contracts 'near' to home.
A lottery win would really simplify things...Comment
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Originally posted by SunnyInHades View PostInteresting related article on this site today penned by Marc Scott, director of umbrella company Liberty Bishop.
Why it's all change for umbrella companies (and umbrella contractors) from April :: Contractor UK
For virtually all umbrella workers it looks like ALL expenses are now doomed after April 5th.
Further, if it can be proved that expenses are due (difficult, pain-in-the-ass for all involved), they can only be claimed 'en-mass' at the END of the tax year via a tax return .. most people who complete a tax return submit one online in the last week of January.
The comfortable model of working via an umbrella being paid weekly; claiming travel, accommodation and other expenses applied weekly is history.
I suspect that most of those who choose to work through an umbrella will simply 'forget about expenses-too much hassle', instead they'll only be looking for contracts 'near' to home.Comment
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Originally posted by SunnyInHades View PostInteresting related article on this site today penned by Marc Scott, director of umbrella company Liberty Bishop.
Why it's all change for umbrella companies (and umbrella contractors) from April :: Contractor UK
For virtually all umbrella workers it looks like ALL expenses are now doomed after April 5th.
Further, if it can be proved that expenses are due (difficult, pain-in-the-ass for all involved), they can only be claimed 'en-mass' at the END of the tax year via a tax return .. most people who complete a tax return submit one online in the last week of January.
The comfortable model of working via an umbrella being paid weekly; claiming travel, accommodation and other expenses applied weekly is history.
I suspect that most of those who choose to work through an umbrella will simply 'forget about expenses-too much hassle', instead they'll only be looking for contracts 'near' to home.
However, it does make the comparison closer.The greatest trick the devil ever pulled was convincing the world that he didn't existComment
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Long term contractor myself on this GIG I have been using Umbrella, but I cant afford to take the expenses hit come April 6th, its to much for me to lose, I commute 108 miles a day (I choose to do it I know) but its been a good gig and the 4th time I have worked for this bank. But I am done, its only work locally from now April, or go Ltd yet again. Its a pity the next project we will be working on would be good to get on the CV. Ahhh well bench will be nice in the spring and summer.Comment
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Originally posted by Yonmons View PostLong term contractor myself on this GIG I have been using Umbrella, but I cant afford to take the expenses hit come April 6th, its to much for me to lose, I commute 108 miles a day (I choose to do it I know) but its been a good gig and the 4th time I have worked for this bank. But I am done, its only work locally from now April, or go Ltd yet again. Its a pity the next project we will be working on would be good to get on the CV. Ahhh well bench will be nice in the spring and summer.Comment
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Originally posted by BenDover View PostUnemployment benefit! If I cannot claim for travel then I cannot afford to work.Comment
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