Looks like I’ve been offered a job, on the fuel tankers, with Stobarts. I’m currently s/e Ltd, and would have to go paye, if I take it. Never done tankers before, and think it could be useful experience. I’m struggling to make a decision, either way, convince me.
Government changing of the rules in regards to people claiming to be self employed - you for example are not despite operating as a ltd company - and HMRC increasing the rate they chase people up.
Guaranteed work and stability of income.
Do it. I’d rather regret something I have done than something I didn’t do!
Worst case scenario is its not for you, so you just leave.
Have a look at the changes HMRC are proposing to claiming for travel costs. It’s going to remove some of the tax benefit of being limited. Not all of it but make it a lot closer. This not a scare mongering post, i’m ltd too at the moment. All subject to approval in parliament but if it goes through we will have to stop claiming travel form the next tax year. Agents are interpreting this as being all about umbrella’s, its not it will apply to those of us who get paid direct to.
Not going to give an opinion on what you should do, all our circumstance are different and i can never know yours.
Personally I am looking at employed positions at the moment as a bit off exercise in exploring the options going to go to a few interviews to collect info on hours conditions and pay so i can compare it to what i’m pretty sure i can do staying ltd.
HTH.
Conor:
Government changing of the rules in regards to people claiming to be self employed - you for example are not despite operating as a ltd company - and HMRC increasing the rate they chase people up.Guaranteed work and stability of income.
FFS Conor can you actually read the numerous HMRC and government published documents on this issue before you make statements as fact that are mostly BS. This guy is asking for help in making an important decision on his future and you are misleading him.
As long has he has been switching jobs and not stuck ltd at one place for too long he is not Self Employed, just like all the nurses doctors IT consultants etc etc who use the same model. The poster is a Private Service Company (PSC) searching the term will bring up all the info needed.
Your constant mis quoting of IR35 is normal just boring drivel from an obvious idiot. In this case where someone might take what you say as gospel it dangerous. Back up your comment by directing the poster to the relevant government documents that prove your point or clearly mark your post as opinion…
cracker-bar:
Looks like I’ve been offered a job, on the fuel tankers, with Stobarts. I’m currently s/e Ltd, and would have to go paye, if I take it. Never done tankers before, and think it could be useful experience. I’m struggling to make a decision, either way, convince me.
I just have visions of massive explosion , destruction , 100,s dead , then having to explain to the boss what went wrong 
In terms of the IR35 changes, I’m covered, as I have 1 main client, and 2 regular others, so can deffo claim to be s/e. I’m just struggling with the whole going back on the books thing, there are also a few other things, such as, I have no idea what fuel tanker work is like, especially with Stobarts, but then, the main contract I have now is really starting to get on my t1ts, with varying start times, and shift lengths.
calsdad:
Have a look at the changes HMRC are proposing to claiming for travel costs. It’s going to remove some of the tax benefit of being limited. Not all of it but make it a lot closer. This not a scare mongering post, i’m ltd too at the moment. All subject to approval in parliament but if it goes through we will have to stop claiming travel form the next tax year. Agents are interpreting this as being all about umbrella’s, its not it will apply to those of us who get paid direct to.Not going to give an opinion on what you should do, all our circumstance are different and i can never know yours.
Personally I am looking at employed positions at the moment as a bit off exercise in exploring the options going to go to a few interviews to collect info on hours conditions and pay so i can compare it to what i’m pretty sure i can do staying ltd.
HTH.
Great wont affect me at all for traveling expenses not change really for most se drivers despite connors usual rantings. It wont change a thing for most
Alix,
I Interpreted the changes as thus. Just an opinion as it’s not passed to law as yet so can only be based on what they are proposing.
No self employed or PSC will be able to claim the 45p mileage allowance or any subsistance (lunch allowances etc). So this will add to your taxable profit at the rate of Corporation Tax @ 20%. or £200 in the grand roughly.
I put through £3000 of these expenses in my last financial year so will be about £600 worse off under the proposed changes.
I would imagine you will get proper training from them, is it fueling their depots or do they pull for others?
The big question is, can you master the dreaded blindside reverse.
They deliver for others, first 4 weeks is training, if the unit has a rear window blindside is a doddle, if it doesn’t, I’ll just close my eyes and hope for the best.
cracker-bar:
In terms of the IR35 changes, I’m covered, as I have 1 main client, and 2 regular others, so can deffo claim to be s/e. I’m just struggling with the whole going back on the books thing, there are also a few other things, such as, I have no idea what fuel tanker work is like, especially with Stobarts, but then, the main contract I have now is really starting to get on my t1ts, with varying start times, and shift lengths.
CB i have been giving this exact issue serious thought this week. I am also feeling a bit un easy about going on the books.
I have target earnings for the year, and in the last year i made my money in about 40 weeks with the help of a couple of nice earners and taking advantage of the xmas panic. So 12 weeks to do with what i please, which is normally not a lot.
If I go on the books I will get 5 weeks holiday so work 47 weeks. Looks like i will earn a bit more than my current target (still exploring this), but most of this will go to the hmrc as i will be paye and not through the ltd company. So basically I will be working 7 week to hand the majority of this money to the government in return for supposed job security.
Can’t make my mind up, still working it through…
calsdad:
Conor:
Government changing of the rules in regards to people claiming to be self employed - you for example are not despite operating as a ltd company - and HMRC increasing the rate they chase people up.Guaranteed work and stability of income.
FFS Conor can you actually read the numerous HMRC and government published documents on this issue before you make statements as fact that are mostly BS. This guy is asking for help in making an important decision on his future and you are misleading him.
As long has he has been switching jobs and not stuck ltd at one place for too long he is not Self Employed, just like all the nurses doctors IT consultants etc etc who use the same model. The poster is a Private Service Company (PSC) searching the term will bring up all the info needed.
Your constant mis quoting of IR35 is normal just boring drivel from an obvious idiot. In this case where someone might take what you say as gospel it dangerous. Back up your comment by directing the poster to the relevant government documents that prove your point or clearly mark your post as opinion…
Bet Conor doesn’t re-appear on this thread - Like usual!!!
So, what normally happens is this … He spouts his usual anti Ltd Co./S.E spiel and scare mongering, then someone with half a brain cell puts up a reasoned case and examples why it is perfectly acceptable to work in this manner (while also citing examples) and then he never re-appears to back up his original comments.
Repeat cycle and there you have it.
calsdad:
Alix,I Interpreted the changes as thus. Just an opinion as it’s not passed to law as yet so can only be based on what they are proposing.
No self employed or PSC will be able to claim the 45p mileage allowance or any subsistance (lunch allowances etc). So this will add to your taxable profit at the rate of Corporation Tax @ 20%. or £200 in the grand roughly.
I put through £3000 of these expenses in my last financial year so will be about £600 worse off under the proposed changes.
Surely the simple way round the ‘proposed’ is to take taxi’s to jobs [instead of mileage] and eat in restaurants [instead of subsistence] keeping receipts and claiming the expense, thus lowering your taxable profit?
Honestscott76:
calsdad:
Alix,I Interpreted the changes as thus. Just an opinion as it’s not passed to law as yet so can only be based on what they are proposing.
No self employed or PSC will be able to claim the 45p mileage allowance or any subsistance (lunch allowances etc). So this will add to your taxable profit at the rate of Corporation Tax @ 20%. or £200 in the grand roughly.
I put through £3000 of these expenses in my last financial year so will be about £600 worse off under the proposed changes.
Surely the simple way round the ‘proposed’ is to take taxi’s to jobs [instead of mileage] and eat in restaurants [instead of subsistence] keeping receipts and claiming the expense, thus lowering your taxable profit?
Dont think that would make a difference with the planned wording of the legislation. It will be considered travel to your normal place of work. Hmrc don’t care how you get there as it’s at your cost.
Would be a false economy anyway Taxi will be more expensive than using a car. You only save paying tax at 20% on what you claim.
dozy:
cracker-bar:
Looks like I’ve been offered a job, on the fuel tankers, with Stobarts. I’m currently s/e Ltd, and would have to go paye, if I take it. Never done tankers before, and think it could be useful experience. I’m struggling to make a decision, either way, convince me.I just have visions of massive explosion , destruction , 100,s dead , then having to explain to the boss what went wrong
We’re talking about cracker-bar driving tankers. Not you Dozy. Go back to sleep.
cracker-bar:
Looks like I’ve been offered a job, on the fuel tankers, with Stobarts. I’m currently s/e Ltd, and would have to go paye, if I take it. Never done tankers before, and think it could be useful experience. I’m struggling to make a decision, either way, convince me.
What Depot? There’s no own contracts so to speak, it’s sub work for others at the moment, mainly XPO (Tesco). Pay is different to the usual rates and a dam sight higher.
Rugby, which is 3 times further than my usual commute, although I was told they would be moving a truck to Kingsbury, which is a lot closer. Pay is £10.15 ph, but there are bonuses, and meal allowance, that bump it up a bit.
I don’t claim mileage all fuel and maintenance goes through and will continue to do so
cracker-bar:
Looks like I’ve been offered a job, on the fuel tankers, with Stobarts. Never done tankers before, and think it could be useful experience. I’m struggling to make a decision, either way, convince me.
Id take it if I were you & the shifts suit. Get trained up, build up your experience & your contacts then move on to bigger/better things.