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Post by Not_Nick_H on Feb 12, 2004 10:25:43 GMT
Any of us 'Boarders work in IT and offer me some advice (or maybe any of us clued up on Tax)?
I started my current job two years ago and (not my choice) was put on a contractor basis. For one reason or another I stayed on this and only now does it turn out that for Tax reasons I will get clobbered more as I will be treated as permanent.
If anyone knows any creative ways around this or has some advice - can you please drop me a PM.
Cheers peeps.
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Post by seth on Feb 12, 2004 10:42:49 GMT
One way is to make sure you claim for all your "expenses", whatever they might be. You have much more leeway as a self employed person.
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Post by Parksy on Feb 12, 2004 13:10:54 GMT
"Not_nick" The problem is with the new tax laws that are meant to "clobber" anyone who contracts whilst spending all their time on one contract. The Government now deem that as permanently employed.  You nedd to find a couple of other "customers" to claim time and money against. I can't remember the maximum amount of time you can spend in any one tax year working for the same company, but you only need to find a few weeks a year claimed against other customers. Try www.itaccounting.co.uk, they deal with my "tax affairs" for my contract work. Best of luck Parksy |
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Post by jaykaye on Feb 12, 2004 14:11:09 GMT
Which massage parlour do you work in then ;D ;D
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Post by Parksy on Feb 12, 2004 14:13:02 GMT
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Post by Not_Nick_H on Feb 12, 2004 15:04:06 GMT
Thanks chaps. I'll do some digging. I should have mentioned that at the moment I work via an "umbrella" company not as self-emp. Whether this helps or hinders I don't know.
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Post by Parksy on Feb 12, 2004 16:04:31 GMT
Unfortunately the IR35 regulation changes hit "umbrella" companies as much as contractors anyway.  |
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