Please help a newbie!

[confuzzled]

I've been doing a little digging my colleague that originally recommended me to them, it seems I could be on ~ £150/day in 6-8 months if all goes well.

All of the work is contracted to them from other places so does this get around the 40% in 2 years rule? I won't be working at any one place for more than a week it seems.

It's starting to look a lot more attractive than I originally thought. I'm meeting my colleague over the weekend and will hopefully be able to gleam some more information from him...Although he hasn't actually contracted for them himself.

Thanks for all the replies so far guys, been very helpful. I'm definitely leaning towards the ltd company route now, but not rushing any decision until I've had the chat with my colleague & spoken to the client/agent, not really sure what to call them, again on Monday.

Thanks again!

[DaveB]

I've been doing a little digging my colleague that originally recommended me to them, it seems I could be on ~ £150/day in 6-8 months if all goes well.

All of the work is contracted to them from other places so does this get around the 40% in 2 years rule? I won't be working at any one place for more than a week it seems.

It's starting to look a lot more attractive than I originally thought. I'm meeting my colleague over the weekend and will hopefully be able to gleam some more information from him...Although he hasn't actually contracted for them himself.

Thanks for all the replies so far guys, been very helpful. I'm definitely leaning towards the ltd company route now, but not rushing any decision until I've had the chat with my colleague & spoken to the client/agent, not really sure what to call them, again on Monday.

Thanks again!

I'd still go Brolly to begin with. It will give you a chance to get up to speed on how Ltd works, IR35 etc etc and get some experience under your belt for the next gig.

As and when you land a higher paying gig you can go ltd at that point. Any of the Accountants who hang around on here can get you set up quickly and easily if you don't fancy doing it yourself. Going brolly also means you don't need to set up a company bank account, which is what takes the time in the whole process.

[TheFaQQer]

All of the work is contracted to them from other places so does this get around the 40% in 2 years rule? I won't be working at any one place for more than a week it seems.

Having read up on the 2 year rule, what did that tell you? If you're going to be running your own company, it's basics like this that you'll need to know.

[confuzzled]

Having read up on the 2 year rule, what did that tell you? If you're going to be running your own company, it's basics like this that you'll need to know.

I'd say it doesn't apply, I doubt I'll visit the same location more then 5 times in a year. I read it as the 2 year rule is aimed at people working at the same physical location, ie. contracting in 1 building/site for more than 40% of your time?

[northernladuk]

Just be aware if you go for a single gig with a brolly it automatically becomes your permanent place so no travel expenses are allowed. If you stay for more than one assignment then it's different.

[mudskipper]

Just be aware if you go for a single gig with a brolly it automatically becomes your permanent place so no travel expenses are allowed. If you stay for more than one assignment then it's different.

I think intention counts. If OP intends to have > 1 gig, but it doesn't work out that way then he's all good.

[Craig at Nixon Williams]

Just be aware if you go for a single gig with a brolly it automatically becomes your permanent place so no travel expenses are allowed. If you stay for more than one assignment then it's different.

This isn't unique to umbrella companies, the same rule applies if you have your own limited company. If you only expect to work at one location for the entire duration of the company's existence then that will not be seen as a temporary workplace and travel & subsistence shouldn't be claimed.

[TheFaQQer]

I'd say it doesn't apply, I doubt I'll visit the same location more then 5 times in a year. I read it as the 2 year rule is aimed at people working at the same physical location, ie. contracting in 1 building/site for more than 40% of your time?

I'd agree with you.

[northernladuk]

I think intention counts. If OP intends to have > 1 gig, but it doesn't work out that way then he's all good.

Yeah that gets mentioned whenever this comes up. Would be interesting to know how you prove intention though. No case history so guess we will never find out.