Quote:
Originally Posted by Steve2309
Greetings all
I'm a total noob to all this so please forgive my post if it has been done to death! (I did search 'overseas clients' but it only came up with results re. actually working overseas).
Here's the situation I suddenly find myself in...
Been in regular employment for years but have just been offered a job by an Australian firm. I would be UK based and represent them in Europe. We have agreed an annual salary amount and they will also pay any expenses.
They have asked if I will consider working as a contractor (12 month renewable contract) and I now need to figure out the best way to do this (and fast!).
Has anyone had experience of this kind? Would it be best to go the limited company route? I do already have one in place that I have used for a small part time business venture for the past 12 months (that I was planning to close as it hasn't made much).
With the contracting being just for one firm and for an agreed salary does it actually mean the IR would view me as being employed and therefore coming under IR35?
Help my head is spinning! Really want o work for them but just not sure of the best way to proceed.
All advice gratefully received!
Steve
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I don't think that them being an Australian company has any relevance. If you are contracting then you are not getting a salary - your company is getting paid for services. If they are offering the same money then forget it.
I have a friend (it is long story so won't give all details), but he is contracting for an organisation until approvals etc for a permanent position come through.
He is getting a 40% uplift on revenue to contract. That is the minimum I would expect, probably at least 50% cos that is approx the cost to a company for an employee over and above their salary. If they are not offering that then there is no point being a contract IMO.