Can one ignore MTD and continue using Government Gateway for VAT for the first quarter post 1/4/19 - and not be penalised?
I assume not - but am unclear what the Soft Landing period of 12 months means.
'we're thinking of getting married to avoid the additional 3%'
I imagine if they offer 90%, then they are using 'loans' to evade/avoid tax and are an accident waiting to happen. If you go with them, you might as well tell HMRC to investigate you now and save time.
78% sounds very high still. If they send you a breakdown of how they get the figures, you can get it checked. If they insist on talking to you on the phone, then be very suspicious. And if they mention loans or QC's opinions, run a mile.
Generally, since December 2013, it hasn't really been worth making a limited company a Partner because the individual behind the company then pays income tax/NI on the partnership profits allocated to the limited company. It is as if the company is transparent for tax purposes.
You need someone to talk to. My best ideas have come in conversations when I've said stuff I didn't even know I was thinking. If you are on your own just trying to work it out in your head, you aren't going to find the answers - in my experience.
You need help - a side-kick, a friend, a coach - who'll ask you simple questions that you can answer out loud. You'll be amazed how obvious the solutions are.
It sounds like you should have gone to see an accountant about 3 years ago and discussed IR35 and basic tax planning. I suggest you do it now.
duplicated posting removed
As someone else intimidated, it depends on the deals being offered.
With an Umbrella company your client has to swallow the Employer's NI themselves - whereas with the other two options, they don't. So unless your client gets to charge more through an Umbrella, it looks the worst option.
Deemed employment through a PSC means all the admin (and running costs) and none of the tax breaks. If there is no hope of being outside IR35 in that industry then it would seem pointless to have a Company going forward.
An Agency payroll could mean SSP and holiday pay and no extra admin/accountancy charges.
I think (based on other posters who seem well read) that you need to bring in an extra journal: Cr. sales £1,000 Dr salary £1,000.
Then your sales figure ties in with the invoices raised and net outputs in the VAT returns.
We are then left with a sort of fake salary figure in the accounts but nil RTI submissions.
I think it depends on the respective deals. If the hourly rate is still more as a PSC limited company than on an Agency payroll, it might still be worth it.
Also, an Umbrella company worker has to pay their own Employer's NI. A PSC limited company worker or an Agency employee does not (at least not directly).