Client Security/Credit Check - IR35 Risk?
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  1. #21

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    What are you two bleating on about?
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  2. #22

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    Quote Originally Posted by billybiro View Post
    No, the whole point is that if the role exposes you to the ability to potentially dump 10m+ into that offshore account, no amount of credit checking or any other "due diligence" (and the results thereof) is really going to make any kind of difference as to whether you'd actually do it, therefore, such checks are entirely useless. However, if the bank wants to convince itself that such nonsense actually means something, then more fool them.
    Yes, but no one here is arguing they are not useless, just that you won't get on site without one, simples.

  3. #23

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    Quote Originally Posted by MrMarkyMark View Post
    Yes, but no one here is arguing they are not useless, just that you won't get on site without one, simples.
    We're in agreement then.

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  4. #24

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    Quote Originally Posted by billybiro View Post
    Really? And exactly how does the results of a credit check against your Ltd. affect your ability to be onsite?

    It's not just finance houses and it's not about whether you might directly steal cash.
    SC has a lot of the same checks.
    It's more about do you owe money to anyone who may pressure you into doing things (like stealing information).
    It's not foolproof but the thinking is that most people are genuinely honest and only do something dodgy when under extreme pressure. Financial pressure is a starting point and often an indicator of other pressures that may be of interest.
    Similarly if your child is being held hostage by the Russian mafia you are unlikely to get SC clearance even if your credit is very good.

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