• Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
  • Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!

Planning to contract - question about IR35

Collapse
X
  •  
  • Filter
  • Time
  • Show
Clear All
new posts

    Planning to contract - question about IR35

    Hello,

    I'm currently employed but considering going the contractor route. As I'm doing my homeworking and educating myself, it is clear that one of the most important point will be my IR35 status.

    I know this as to be reviewed on a case by case basis, but I was wondering how likely am I to find a contract outside IR35? (For the contracts you accept, is IR35 the exception or the rule?)
    If it make a big difference, given my current cv, I think most of my first opportunities will be Java dev for banking/finance sector.

    Sorry if something similar has been covered, I couldn't find a matching thread.

    Thanks.

    #2
    Originally posted by Badloki View Post
    Hello,

    I'm currently employed but considering going the contractor route. As I'm doing my homeworking and educating myself, it is clear that one of the most important point will be my IR35 status.

    I know this as to be reviewed on a case by case basis, but I was wondering how likely am I to find a contract outside IR35? (For the contracts you accept, is IR35 the exception or the rule?)
    If it make a big difference, given my current cv, I think most of my first opportunities will be Java dev for banking/finance sector.

    Sorry if something similar has been covered, I couldn't find a matching thread.

    Thanks.
    There are some links on the right hand side of the page with useful info. Several of the contractor accountants will have good info on their sites as well.

    See if Admin can grant you PM rights, then if you have any queries at all just PM northernladuk.

    Comment


      #3
      I would suggest giving one of us contractor accountant's a call. I think I speak on behalf of us all in that we would be more than happy to have a chat with you and answer any queries you may have at this point.

      Best of luck with your contract search.

      Michael@BI Accountancy

      Comment


        #4
        I will second what Mike says speak to some contractor accountants (us included) as getting the correct advice from the outset will benefit you.

        Comment


          #5
          Not what sure the value an accountant would have in answering this question.

          When you start contracting an experienced contractor accountant would be invaluable.

          From my experience the majority of contracts are outside IR35 if you get them reviewed etc.

          Comment


            #6
            Go to ipse.co.uk and download their Guide to Contracting. Then read it; you'll be surprised how much you don't know!

            But don't spend your life worrying about IR35; it is manageable with care and knowledge and you shouldn't let your working life be driven by taxation anyway. Even if you're firmly caught, you're still better off than any permie for a host of reasons, most of which don't involve income. Your real concern these days is about the level of Supervision, Direction and Control you are working under since they will have a potentially much wider impact.
            Blog? What blog...?

            Comment


              #7
              Originally posted by malvolio View Post
              Go to ipse.co.uk and download their Guide to Contracting. Then read it; you'll be surprised how much you don't know!

              But don't spend your life worrying about IR35; it is manageable with care and knowledge and you shouldn't let your working life be driven by taxation anyway. Even if you're firmly caught, you're still better off than any permie for a host of reasons, most of which don't involve income. Your real concern these days is about the level of Supervision, Direction and Control you are working under since they will have a potentially much wider impact.
              This ^

              IPSE+ - HMRC Investigation insurance (plus other benefits)
              Abbey Tax - Contract reviews and Tax Loss insurance
              Nixon Williams - Contractor friendly Accountant

              My recommendations ^

              Read up on how to stay on the right side of IR35 and get on with it.

              If they reviews say you are caught then you might want to think if you want the contract or act caught for that role. Outside of that there isn't much else you can do.

              Good luck

              Comment


                #8
                Originally posted by dx4100 View Post
                This ^

                IPSE+ - HMRC Investigation insurance (plus other benefits)
                Abbey Tax - Contract reviews and Tax Loss insurance
                Nixon Williams - Contractor friendly Accountant

                My recommendations ^

                Read up on how to stay on the right side of IR35 and get on with it.

                If they reviews say you are caught then you might want to think if you want the contract or act caught for that role. Outside of that there isn't much else you can do.

                Good luck
                As pointed out in another thread, discount code for IPSE+ in CUK newsletter - ContractorUK16 for 15% off.

                Comment


                  #9
                  Thanks for the information, I will have a look at those links.

                  Comment

                  Working...
                  X