Atilla you're being a tool mate. What business does the government have handling my wages please?
Should I also pay my total bills to them and let them settle up with sky, BT, o2, BG and Manweb?
This is one of the most outrageous and invasive policies I've ever heard.
Not bothered anyway. I'd set up an IR35 compliant Ltd as quicker than a dog could lick his own balls. I'd probably get hella business of it actually. Bring it on, Dave and watch it backfire you tw@.
What business does the government have handling your wages???
Government already knows what you earn and takes it's share directly without your hands touching 'your' money via PAYE.
Moreover, if you earn above a certain amount and have other income streams makes you damn well declare your earnings and then subsequently takes its due share. 'It ain't your money' until Mr G has finished with it.
Ofcourse you may well have undeclared income and be against the system in which case all the more reason to switch to a better system that deals with tax evaders.
You talk of opening up a company and IR35??? IR35 is dead and I don't know of any contractor who has been subjected to it. I had two VAT inspections over my 16 year contracting career and Mr IR wanted to place me on it. I went through each VAT inspection with my accountant not present and duely answered all questions and got a clean bill of health. I've also worked directly with FTSE100 companies as a contractor with no agency involved.
However, for the best part 16 years wages have been paid form client to agent to yours trully. In some cases there were 4 players.
Invasive policies you say??? - Mr G already knows your credit rating - if you miss any payments on any bills and how much money you spend. Problem often is that its not worth collecting all this info.
I thought you were smart but obviously behind the curve.
If you did want to setup a limited company - there are off-shore companies that act as your agent and accountant. They bill for your time and write out invoice to be paid to them. They then pay you 85-90% of your earnings as a loan. They then write this loan off as bad debt. That's it. All legal I'm told.
A friend of mine does this but I object on a matter of principal.
What business do you have contacting the council - police - NHS or natioanl schools???? You an island or something???