more crackdowns on contractors expected

[jonneymendoza]

Tbf once im on books ill do 6 months and be taken back off em if its possible and go to subbing as a ltd. Its just for that mortgage acceptance I like my wage.. employee's are meh so so about it but 50% of this company are subs or agency/umbrella situation anyhow

all u need is 2 years worth of accountants and u can get a mortgage

 

[alx]

Actually it all depends how she does her accounts. If she works 30 hrs per week from the home childminding, then she is entitled to claim 25% of house running costs and if she doesn't claim the wear and tear allowance then it can be allowable to claim a % of renewal costs like this.

Not saying she is doing it legit, but what has been described could be argued for.

Ah fair enough.

 

[Unicorn]

The way the tax system for umbrella or self employed contractors is worded can be worked in either favour of HMRC or contractor. But if your audited prepare to get reemed to put it nicely.

 

[Destination]

To be fair, there are greater tax evaders than IT contractors that work under umbrella companies.. Labourers, builders, self traders..so forth..

My wife knows a childminder that puts through daft expenses meaning her £25k+ income is virtually untaxed.. and each year she gets away with it.. Even 25% of her new kitchen went through.

How is that ********** fair!. Makes my blood boil.

Report her.