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Re: FN-FORUM IR35-proof contract
date posted 25th May 2001 17:42
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IR35 only comes into play with Nigell's part of what comes into our business
(70%)- he has been on a contract with BP for a year now so there's no
getting round it. My earnings are not taken into account when the deemed
salary is calculated, last year I had around 12 different clients. This
means I can only be paid what I bring in (30%) not topped up from what
Nigell earns as then we might end up paying tax on this money twice as it
would form part of the deemed salary - which is what happened with a small
portion of the money in 2000/01. Now we are wiser.
Regards
Carla
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on 25/5/01 4:15 pm, Kerry dzinezone at [EMAIL REMOVED] wrote:
I've also discussed IR35 with my accountant. His advice was to write to the
Inland Revenue office dealing with our area requesting a ruling. Basically,
give them all the facts and ask for a ruling. The general opinion is that,
for a company like ours (2 people) who do work for several companies over
the course of a year, the ruling should be favourable.
-----Original Message-----
From: [EMAIL REMOVED]
[EMAIL REMOVED] Behalf Of Carla Boulton
Sent: 25 May 2001 17:22
To: [EMAIL REMOVED]
Subject: Re: FN-FORUM IR35-proof contract
Ben
I advise you to get a good accountant and to have serious talks first -
there really isn't such thing as an 'IR35 proof' contract because the last
word comes from your tax office and if you work for one company for long
periods doing the same job - even if you have different contracts then Mr
Tax Man will probably decide you come under IR35 then you will have to pay
Tax and NI on your deemed salary and if you try and avoid it it will be
worse for you in the end.
Sorry to be doom and gloom I am just repeating the spiel we got from our
accountant and financial adviser. Who knows it may all change soon
Regards
Carla
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Re: FN-FORUM IR35-proof contract
IR35 only comes into play with Nigell's part of what comes into our busines=
s (70%)- he has been on a contract with BP for a year now so there's no gett=
ing round it. My earnings are not taken into account when the deemed salary =
is calculated, last year I had around 12 different clients. This means I can=
only be paid what I bring in (30%) not topped up from what Nigell earns as =
then we might end up paying tax on this money twice as it would form part of=
the deemed salary - which is what happened with a small portion of the mone=
y in 2000/01. Now we are wiser.
Regards
Carla
--
http://www.naughtymutt.com
01728 621 052
Graphic and Web design
Free quotes, no jargon, customer service
on 25/5/01 4:15 pm, Kerry dzinezone at [EMAIL REMOVED] wrote:
I've also discussed IR35 with my accounta=
nt. His advice was to write to the Inland Revenue office dealing with =
our area requesting a ruling. Basically, give them all the facts and a=
sk for a ruling. The general opinion is that, for a company like ours (2 peo=
ple) who do work for several companies over the course of a year, the ruling=
should be favourable.
-----Original Message-----
From: [EMAIL REMOVED] [EMAIL REMOVED]
eelancers.net]On Behalf Of Carla Boulton
Sent: 25 May 2001 17:22
To: [EMAIL REMOVED]
Subject: Re: FN-FORUM IR35-proof contract
Ben
I advise you to get a good accountant and to have serious talks first - the=
re really isn't such thing as an 'IR35 proof' contract because the last word=
comes from your tax office and if you work for one company for long periods=
doing the same job - even if you have different contracts then Mr Tax Man w=
ill probably decide you come under IR35 then you will have to pay Tax and NI=
on your deemed salary and if you try and avoid it it will be worse for you =
in the end.
Sorry to be doom and gloom I am just repeating the spiel we got from our ac=
countant and financial adviser. Who knows it may all change soon
Regards
Carla
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