Inside IR35 PS calculation

[psychocandy]

Jeez. Complicated or what?

Anyone got any idea how much to add to contract when its inside IR35?

And before anyone has a dig - yes I did leave a PS client where it was unclear. This was because I didn't want to risk a retrospective enquiry.

Going forward - inside IR35 is not ideal but, its fair to judge each one on its merits. This particular client is willing to uplift rates accordingly.

[northernladuk]

It's been mentioned a couple of times in recent discussions.

Here is one for starters.

http://forums.contractoruk.com/showthread.php?t=120533

Stick about 25-30% in and go from there.

[psychocandy]

It's been mentioned a couple of times in recent discussions.

Here is one for starters.

Working through the regulations

Stick about 25-30% in and go from there.

Not so bad then. Agency have suggested a 28% increase on my normal rate.

I guess it hits people who have to stay away/drive miles because of the lack of expense for this. This role is good for me - 15 miles away from home.

[northernladuk]

Not so bad then. Agency have suggested a 28% increase on my normal rate.

I guess it hits people who have to stay away/drive miles because of the lack of expense for this. This role is good for me - 15 miles away from home.

You guess? I'm sure we'll hear plenty more about it over the coming days.......

[psychocandy]

You guess? I'm sure we'll hear plenty more about it over the coming days.......

Good for local candidates as well. Even with the hit of extra tax, even if client raises the rate if its costing you £50-£100 a night for a hotel then thats money that was previously before tax.

Even driving too. I used to do 105 miles a day. Thats almost £1000 at 45p a mile (until it goes down). So thats a few extra quid in tax on that again.

[northernladuk]

Good for local candidates as well. Even with the hit of extra tax, even if client raises the rate if its costing you £50-£100 a night for a hotel then thats money that was previously before tax.

Even driving too. I used to do 105 miles a day. Thats almost £1000 at 45p a mile (until it goes down). So thats a few extra quid in tax on that again.

No tulip sherlock.

[Scruff]

Oi, you two....get a room

[TheFaQQer]

Anyone got any idea how much to add to contract when its inside IR35?

If only there was a list of questions that are frequently asked which details the costs to consider.

Oh wait...

[craigy1874]

Not so bad then. Agency have suggested a 28% increase on my normal rate.

I guess it hits people who have to stay away/drive miles because of the lack of expense for this. This role is good for me - 15 miles away from home.

28% increase? I wish someone could explain to me how these tax changes are going to result in additional funds for the government?

Sounds to me like they will be worse off overall. I wonder if someone crunched the numbers on these changes

[malvolio]

I can see the headline already:

" Public Sector paying contractors' taxes for them to avoid new economy rules"...