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soapnshine

  • Posts: 27
sub contracting
« on: April 29, 2008, 08:36:00 pm »
i work as a sub contractor earning 50% of each job using the company equipment and van i pay the diesel im i on a good deal

ducky

  • Posts: 600
Re: sub contracting
« Reply #1 on: April 29, 2008, 08:52:20 pm »
what about if the van brakes down do u pay for that,,i think thats a good deal u have got..
if it cleans we will clean it

MJH

  • Posts: 901
Re: sub contracting
« Reply #2 on: April 29, 2008, 08:56:38 pm »
i work as a sub contractor earning 50% of each job using the company equipment and van i pay the diesel im i on a good deal
Are you saying you get a good deal? i do my own jobs and get a 100 per cent, its probably more satisfying and my outgoings aren't that large! other than diesel which you are paying for anyway!!!!

Mike_G

  • Posts: 1500
Re: sub contracting
« Reply #3 on: April 29, 2008, 09:20:36 pm »
Only you know the answer to that. How much do you take home? If it is good money then yes if the money is rubbish then no

Re: sub contracting
« Reply #4 on: April 29, 2008, 09:43:57 pm »
i work as a sub contractor earning 50% of each job using the company equipment and van i pay the diesel im i on a good deal
Are you saying you get a good deal? i do my own jobs and get a 100 per cent, its probably more satisfying and my outgoings aren't that large! other than diesel which you are paying for anyway!!!!
just have to point out desel, insurance for van, pub ins, etc all adds up before you get to earning 50% from a job, after doing it years I realised this as did people working for me that left and came back  ;)


I would say 50% is a good deal IMO

ronnie paton

  • Posts: 3245
Re: sub contracting
« Reply #5 on: April 29, 2008, 10:02:23 pm »
i may be wrong but if your using there van and equioment your noy actually subbing ???

Mr H

  • Posts: 615
Re: sub contracting
« Reply #6 on: April 30, 2008, 07:10:26 am »
Your definatly NOT a subby so when it comes to doing your tax for the year the Inland Revenue will go chasing the other guy for your tax and national insurance payments.
To be a sub-contractor you MUST have some of your own clients, use your own equipment and tools, your own insurances, business bank account and detailed invoices to the other party.
Some of this can be bypassed if you "hire" your equipment, i.e van, from the other company but that is a real minefield with the taxman.
Have a chat with the local employment officer to make doubly sure or else BOTH of you could end up in trouble with the taxman.....

Regards
Mr H