Re: FN-FORUM: Ir35 legislation & opting out ?

date posted 30th October 2007 18:13

It depends on your circumstances and those of the agency. If what you do is
a tax avoidance scheme then whatever you do is not going to be in your
favour. This is a question for the Revenue. Call their helpline and ask.
They are very helpful.

Mike A.

----- Original Message -----
From: "Phillip Healey" [EMAIL REMOVED]
To: [EMAIL REMOVED]
Sent: Tuesday, October 30, 2007 6:46 PM
Subject: RE: FN-FORUM: Ir35 legislation & opting out ?



I can't see how this is at all true. If it were, then it would effectively
rule out any self-employed person from ever doing any work. With actually
knowing 100% the facts, I would suggest that this is nothing more than
paranoid nonsense from the company you are working with. They obviously
think that pushing you into using an umbrella company will rid them of any
risks they've dreamt up regarding taxation etc.

Although I could be wrong, which would be very worrying.

Regards
Phill Healey
Munklefish
Po Box 70
Manchester
M34 3SQ
T: 0161 408 4759


-----Original Message-----
From: [EMAIL REMOVED] [EMAIL REMOVED] On Behalf Of steve
wilson
Sent: 30 October 2007 18:28
To: FN-FORUM / [EMAIL REMOVED]
Subject: FN-FORUM: Ir35 legislation & opting out ?


Hi guys,

I am currently doing some freelance work via people4business. I am
having to go through a umbrella company because of new legislation
regarding any unpaid tax will be the responsiblity of the contract
agency. So they need to cover themselves by making their sellers go
through a umbrella company. This way, I basically pay tax as any normal
9-5 person would.

The problem for me is, I have to pay admin costs to use the umbrella
company, and also I would like to pay my tax at the end of the year like
any normal freelancer.

Does anyone know anything of this legislation and if there is a way
around it ? Is the agency im using giving me the correct information ?

I am told, the only way to get around this is to become a ltd company.
But my earnings do not warrant this at the moment..it is a lot of
paperwork and quite expensive.

Also, is the opting out clause in people4business relating to this ir35
legislation ?

Any help or info is really appreciated.

Thanks

Steve


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--
Freelancers, contractors earn more with Prosperity4
Call 0870 870 4414 or visit www.prosperity4.com
and benefit from Inland Revenue approved expenses today.

To advertise here: http://www.freelancers.net/advertising.html