Composite companies - Page 4

Composite Companies: <<Back

[Page 4]

How to switch:

[continued]

Finally:

You can get your limited company set up and enter into all future contracts via this company. In reality we would suggest that you set up your limited company in preparation for step 2 above so that it is ready and waiting when your old contract expires.

Probably the easiest way to do this will be to use an online limited company where you can do everything over the internet. Some of them even include contract reviews and IR35 insurance insuring you against the professional costs of defending an IR35 investigation and (in some cases) even indemnifying you against any outstanding tax, interest and fines if you lose.

Summary:

Composite companies certainly offer convenience, with some of them being online. However, the MSC Rules have ensured that composites no longer offer any tax advantage. For those intending to contract in the long term a limited company is likely to be a superior solution.

IMPORTANT:

Visit our section on the Managed Service Companies rules or the MSC Rules to ensure your understanding of composites is accurate and up to date.

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Full index of pages:

Home Page IR35 Background - page 1 IR35 Background - page 2 IR35 Background - page 3

IR35 Rules - page 1 IR35 Rules - page 2 Beat IR35 - page 1 Beat IR35 - page 2

Beat IR35 - page 3 Beat IR35 - page 4 Ltd Company - page 1 Ltd Company - page 2

Ltd Company - page 3 Ltd Company - page 4 Umbrella Companies - page 1

Umbrella Companies - page 2 Composite Companies - page 1 Composite Companies - page 2

Composite Co - page 3 Composite Co - page 4 MSC - page 1 MSC - page 2 IR35 Insurance

IR35 Investigations - page 1 IR35 Investigations - page 2 Contracts - page 1

Contracts - page 2 Contracts - page 3 Resources 1 Resources 2 Resources 2 Sitemap