Lambert Chapman LLP, Contractors Seminar - PCG

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Would a new contract restart the clock?• If you have a 12 month contract okay, claim travelcosts.• If you have a 6 month extension to the contract, stillokay to claim.• A further 6 month extension would push thecontract to 24 months and no claim would beallowed for the last 6 month contract.• So no, contracts are added together.Lambert Chapman LLP, Contractors Seminar13 th September, 2012
Will a contract with a new client restart the clock?• It depends…• If the journey to the new client is not considered to besubstantially different to the previous one, it will be looked atas the same journey and count towards the 24 months.• If both clients are in the City, this will be considered to bethe same journey.• It is the journey that is important not who the end user clientis.Lambert Chapman LLP, Contractors Seminar13 th September, 2012
Page 1 and 2: IF HMRC COME A’ KNOCKING…ARE YO
Page 3 and 4: 2) If your business is selected for
Page 5 and 6: 4) You need to keep business record
Page 7 and 8: 6) HMRC run the checks at 4 differe
Page 9 and 10: 8) HMRC powers to obtain informatio
Page 11 and 12: 10) Production of Information• Bu
Page 13 and 14: 12) HMRC visits to premises…• T
Page 15 and 16: 14) Computer Records• HMRC have t
Page 17 and 18: THANK YOU FOR LISTENINGChris Harman
Page 19 and 20: What is the 24 month rule?• The c
Page 21: What travel costs can be claimed?
Page 25 and 26: What is the 40% test?• The 40% te
Page 27 and 28: Examples…• See the notes at the
Page 29 and 30: What are the risks of getting this
Page 31 and 32: Tax Efficient Strategies Incorporat
Page 33 and 34: Company with £300k profit or less.
Page 35 and 36: Getting The Mix RightProfitCompany
Page 37 and 38: Profit Extraction - Using Pensions:
Page 39 and 40: Relevant Life Assurance•Life assu
Page 41 and 42: Thank you for attendingIf you requi

Lambert Chapman LLP, Contractors Seminar - PCG

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