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Using company money to start another unrelated business
Are you considering starting another unrelated business within your current limited company structure? The article explains the issues.
�le? This situation only arises if you are outside IR35, since you can choose not to declare dividends bu� �start other ventures that are unrelated to their contracting profession. Some contractors might think that usi� �company would be trading “Ultra Vires”. I.e. any contract signed would be non-enforceable in law. Treatment�
Category:
News
| Mon, 11 Sept 2006
Could the personal service company be next for contractors?
The personal service company could be the next target of the Treasury.
�ices company' actually dates back to the original IR35 legislation . At that time, a 'de facto' distinct� �' James Leckie, MD of contractor start-up site IT Contracting , said: "Although all limited companies have the� �rvice companies-- the Tribunal made it clear that contracts of employment may be implied or deduced from all� �the IR35 legislation. You need to show that your contract terms and the way you work (your working practice�
Category:
News
| Thu, 29 Mar 2007
Contractor demand for limited companies is stable with more confidence
Demand for limited companies has stabilised since the dramatic increase due to managed service company legislation, contractors who start these companies are more confident, according to company-formation specialist Duport
�ractor does business in the future,'' Dawes says. IR35 And Other Factors By running your own business, a� �siness, and by taking great care to see that your contracts are based on projects, the owner of a limited com�
Category:
News
| Thu, 15 Nov 2007
Just because contractors are paranoid, doesn’t mean the government isn’t against us!
IR35, Section 660, the Agency Workers Directive and now False Self-Employment in Construction – how much more can non-employees be expected to endure?
�onstruction , coupled with the publication of our IR35 anniversary special report , got me thinking abou�
Category:
News
| Fri, 06 Nov 2009
Has the Labour movement finally got contracting?
Contractors and the Labour movement have not been natural bedfellows. But a new Fabian Society report may indicate Labour’s changing perceptions.
�iminalise what you do for a living by introducing IR35 . However, a recent report by the Labour-movement� �tershed and has the Labour movement finally ‘got’ contracting? Actually, you wouldn’t think that from the first�
Category:
News
| Wed, 14 Nov 2012
IR35 avoidance industry: when is an office holder not an office holder?
Now IR35 has been extended to cover ‘office holders’, contractors may be faced with battling HMRC over yet another a status not defined in statute.
�Bill 2013 , due to come into force in April 2013, IR35 has been extended to cover office holders. HMRC d� �role may include is so wide that limited company contracting is now effectively dead. On the other hand, other� �hat clients will no doubt be amenable to adapting contracts, assignment descriptions, working practices, repo�
Category:
News
| Tue, 18 Dec 2012
Osborne’s double-dip Budget approach taxes contractors’ money, time and resources
If the Chancellor stopped using the autumn statement as a mini-Budget, contractors would be relieved of a small part of the tax administration burden.
�t legislation as it applies to them. Then there’s IR35 of course, the fiendishly complex yet notoriously�
Category:
News
| Mon, 04 Feb 2013
What's gone wrong with our tax code when we can't work out how much to pay ourselves?
Contractors should be able to work out how much they pay themselves, but the UK tax code is so complex they need accountants or online calculators.
�n adding yet further legislation to the tax code. IR35 is a classic example of adding complexity without�
Category:
News
| Thu, 08 May 2014
Contractors must take action over the latest IR35 threat, despite the uncertainty
Contractors shouldn’t ignore media speculation over draconian new IR35 rules; if there is truth behind the stories, there is still time to take action.
�take note of the media speculation over shock new IR35 rules being considered by the Government . Even t� �ive plans in the Autumn Statement.” Several other contracting sector organisations have told ContractorCalculat�
Category:
News
| Tue, 10 Nov 2015
Dividend Tax changes: a tax ‘sledgehammer’ like IR35, when simplification is needed
Dividend Tax changes introduced in the Summer Budget are another tax ‘sledgehammer’, just like IR35, used when what is needed is tax simplification.
�at cost to the UK economy? If you think about it, IR35 was created to tackle the genuine problem of disg�
Category:
News
| Wed, 05 Aug 2015
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