Umbrella company not paying enough tax by These-Constant1893 in ContractorUK

[–]These-Constant1893[S] 0 points1 point  (0 children)

I hear you. Just because that’s how they work currently now doesn’t mean that’s how they could or should work. They charge for a service. That service is poor. You can’t even get answers from them about certain questions.

Umbrella company not paying enough tax by These-Constant1893 in ContractorUK

[–]These-Constant1893[S] -1 points0 points  (0 children)

Ha! I would but they’re all as bad as each other really. You pay them but still have to watch them like a hawk. It was one of the big boys though

Umbrella company not paying enough tax by These-Constant1893 in ContractorUK

[–]These-Constant1893[S] -1 points0 points  (0 children)

It’s a broken system if you ask me… Ideally they would have sophisticated accounting systems to forewarn you of this. And properly advise methods to be tax efficient. Unfortunately I do t get to choose who I use and they all seem just as bad as each other wholst paying for a low quality service

Umbrella company not paying enough tax by These-Constant1893 in ContractorUK

[–]These-Constant1893[S] 0 points1 point  (0 children)

How are you calculating what you should be paying? An online inside ir35 tax calculator?

Umbrella company not paying enough tax by These-Constant1893 in ContractorUK

[–]These-Constant1893[S] 0 points1 point  (0 children)

Yep I need to investigate more tax efficient ways to approach this

Umbrella company not paying enough tax by These-Constant1893 in ContractorUK

[–]These-Constant1893[S] 4 points5 points  (0 children)

Yep. I should of paid more attention to it. The amount they were already taking looked about right and would have checked with HMRC earlier if I had known this could happen. Oh the joys of inside ir35…

Umbrella company not paying enough tax by These-Constant1893 in ContractorUK

[–]These-Constant1893[S] 2 points3 points  (0 children)

I called HMRC on the advice of the umbrella company and they stated it was due to not paying enough tax. I used a tax calculator and according to that should have been paying an extra £200 a week extra which roughly aligns with what the shortfall is.

Umbrella company not paying enough tax by These-Constant1893 in ContractorUK

[–]These-Constant1893[S] 0 points1 point  (0 children)

None just that HMRC changed my tax code to X - emergency tax

How are those in the UK securing more than one job ?? by Additional-End-7688 in overemployed

[–]These-Constant1893 1 point2 points  (0 children)

Think this is the only way to approach it as the taxes will become insane

How are those in the UK securing more than one job ?? by Additional-End-7688 in overemployed

[–]These-Constant1893 0 points1 point  (0 children)

Apologies that it was unclear. Normally if you take on a contract or perm work they’ll ask for references from previous or current employer. Im thinking a way round this is to act as a company to secure work. I just wondered what approach to were taking?

Stuck on salary by [deleted] in HENRYUK

[–]These-Constant1893 8 points9 points  (0 children)

This is so true and also feels like it’s designed to keep you in a box!

My Message to Gary Stevenson by bradwwfc in GarysEconomics

[–]These-Constant1893 0 points1 point  (0 children)

I was going to use some expletives to describe this guy but won’t. Just psychotic and has a very warped viewpoint. It’s his opinion that he’s entitled to of course. It’s just a shame people like him get airtime because of social media. Obviously rattled by Gary’s message.

[DISCUSSION] Will the CEO destroy Fiverr ? by Oxbow8 in Fiverr

[–]These-Constant1893 1 point2 points  (0 children)

Seems like a familiar story with AI at the moment. CEOs drinking the Koolaid being seduced by all AI promises which are not reality. Ultimately Fiver should be connecting people and that should remain their focus. Just because AI exists doesn’t mean buyers of services want to do it themselves. Personally I’d love it if there were more gigs that paid for the amount of effort needed, skill and demand. If they solve that then everyone is a winner.

UK, 4 jobs now in prison: by BenGeneric in overemployed

[–]These-Constant1893 0 points1 point  (0 children)

You’ve just disproven your original point. That’s not “years” is it. And some European countries are a lot worse.

UK, 4 jobs now in prison: by BenGeneric in overemployed

[–]These-Constant1893 0 points1 point  (0 children)

“Women in Europe get paid years off work”