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Implication to do contracting as Pvt Ltd company

Archived UK Tier 1 (General) points system forum. This route no longer exists.

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vs999
Newly Registered
Posts: 10
Joined: Thu Feb 17, 2005 5:34 am

Implication to do contracting as Pvt Ltd company

Post by vs999 » Fri Sep 09, 2005 1:29 pm

Hi Friends,

I would like to get your advise on the implication to work as a contractor under private limited for HSMP extenstion.

As normally, these companies people form to prevent paying heavy tax, but if at the end of tenure we can't show that we payed good tax it could have issue on HSMP renewal.

If anyone has the similar experience then please do update me.

Cheers,
VS.
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SpiderKing
Junior Member
Posts: 91
Joined: Tue Jun 21, 2005 1:24 pm
Location: London, UK

Post by SpiderKing » Fri Sep 09, 2005 1:54 pm

The umbrella company is only to protect you from IR35. But still you would be paying your tax (PAYE) and NI.

I do not see any problem.

Regards
SK
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Vayu
Junior Member
Posts: 84
Joined: Fri Mar 26, 2004 1:53 pm

Post by Vayu » Fri Sep 09, 2005 3:29 pm

It poses no problem as far as extension is concerned. I extened mine based on working though a limited company
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DeepThroat
Junior Member
Posts: 65
Joined: Wed Feb 23, 2005 12:10 pm

Post by DeepThroat » Fri Sep 09, 2005 10:28 pm

I can vouch for that.
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vs999
Newly Registered
Posts: 10
Joined: Thu Feb 17, 2005 5:34 am

Post by vs999 » Sun Sep 11, 2005 8:35 am

Hi friends,

Thanks a lot for your response.

Regards,
VS
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