WHO Poll
Q: 2020/2021 Where will we finish up this season?
a. Top Four, Champions League here we come
7%
  
b. 5th-7th Europa League is well within our grasp
1%
  
c. 8th to 14th anywhere in mid table is about right
12%
  
d. We're in a dog fight before a ball has been kicked and we'll do well to finish 17th or just above
38%
  
e. GSB have derailed our season before a ball has been kicked, the Championship beckons
41%
  



JLAP 9:52 Tue Jan 7
WHO’s Contractor’s - IR35?
What’s happening in your world boys and girls?
All I keep hearing in the City is that contracts are terminating in Feb/Mar, options are FTC, Perm or inside IR35.

Is that a fair picture or are you noticing many opportunities operating INSIDE IR35 post April?

Replies - Newest Posts First (Show In Chronological Order)

Westside 10:31 Thu Mar 19
Re: WHO’s Contractor’s - IR35?
The big reason for IR 35, is the 13.8% Employers National Insurance being saved, by the employer, when using a contractor, as things stood.

Westside 10:30 Thu Mar 19
Re: WHO’s Contractor’s - IR35?
Morning Cheezey
VAT is irrelevant really if you don’t count it in your rate, you charge it then pay it on so unless your flat rate it balances out.

and there a few major VAT exempt businesses in the city where the VAT charged by the contractor, isn't able to be reclaimed by the business you are working for. Insurance businesses are VAT exempt and a very large part of banking business is VAT exempt (not all). Could make a difference when the VAT exempt business decides who to hire.

Cheezey Bell-End 9:54 Thu Mar 19
Re: WHO’s Contractor’s - IR35?
I don't see it as irrelevant as I have to charge it and the client has to pay it. And as the point of ir35 is to claim lost revenue to HMRC, I think they'll be missing out. In my case it is over 5k a quarter they won't be seeing. Roughly the same again for corporation tax. But they would rather I paid a bit more in NIC instead.

JLAP 9:10 Thu Mar 19
Re: WHO’s Contractor’s - IR35?
Morning Cheezey
VAT is irrelevant really if you don’t count it in your rate, you charge it then pay it on so unless your flat rate it balances out.

Cheezey Bell-End 8:31 Thu Mar 19
Re: WHO’s Contractor’s - IR35?
I was contracting through a limited company for a few years. You do make more money, but as a percentage of total revenue, you also pay more tax if you include VAT.
So your personal tax is less, but you still pay a shitload of company tax.
I've left the UK now, probably never to return, and the ir35 changes and the effect on the market are a major reason.

ak37 8:56 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
So glad I went full time perm just before Christmas.
If I’d stayed I’d be getting nothing now plus potentially no sick pay.

Vexed 7:40 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
Well it's already been enforced, that ship has sailed.

Swiss. 6:38 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
yeah and they tried to enforce it in 2001 and they didn't win a case I seem to remember

Vexed 6:37 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
I doubt they'll see it like that. They'll see it as greedy little one man band companies taking a good day rate and not paying the tax. Which is basically what's been going on.

Swiss. 6:30 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
The Treasury think one man band Ltd companies are avoiding paying tax and they are right. However they don't take into consideration the risks we take the lack of benefits like paid sick pay. hols we don't get and the competition we have to face.

That's the trade off and they should except it.

bill green 5:12 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
no exactly the co where i am working are trynig to get rid of some permies all contractors and then hire donuts on FTC

JLAP 3:33 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
Rates are totally different tho bill, FTC rates are not worth it

boleyn8420 3:10 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
This may help though
http://www.actuarialpost.co.uk/article/boost-for-recruitment-as-chancellor-confirms-ir35-delay-17999.htm

bill green 1:51 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
both inside IR35 and FTC are last resort choices
inside is zero rights employee and FTC you get rights but out after the term anyway

JLAP 1:26 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
I don’t know anyone who is going FTC, it has been all Inside Ir35 thus far.

bill green 1:09 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
i'm seeing a lot of opportunism by companies getting rid of contractors and offering full time contracts for a 12 months at crap money

hopefully now no one will bite at the FTC's and they'll have to go back to taking us on as contractors for the next year

Aalborg Hammer 11:55 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
We had word last night that IR35 is being suspended for a year 'cos of all this other shit that's occurring - good news for a change

Vexed 11:43 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
Dan M 11:38 Wed Mar 18

I would summarise as 'cunts with MacBooks and jaunty hats hanging around in We Work buildings sat on a beanbag with their fucking dog'.

Perhaps a little unfair?

Dan M 11:40 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
I was sort-of looking forward to the umbrella co kickbacks, but this has also saved me £250 booking fee for a last-minute IR35 seminar I was going to attend.

Dan M 11:38 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
Graphic design, digital design, advertising, video and animation, PR etc. Been recruiting for it for 23 years and have run my own rec cons for the last 11. Not as much fun as it used to be though.

Stubbo 11:35 Wed Mar 18
Re: WHO’s Contractor’s - IR35?
They'd indicated they wanted me to stay regardless, and were trying to work things to keep me outside of IR35 either way.

Backup was a perm offer although the one on the table at the moment isn't what I'm after.

Absolute worst case I'd have walked and hunkered down.

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