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Subbie director

15 August 2007
Issue: 4121 / Categories: Forum & Feedback , IR35 , Business , Income Tax
A relatively new building contractor client — who trades through a limited company — has recently brought in his first year's records. Despite our advice to the contrary, instead of treating his own drawings as director's remuneration — and subject to PAYE — he has treated them in the same way as payments to his subcontractors; i.e., taxed under the building industry subcontractors' scheme.

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