Contracting while having a full-time job

[lukataylor]

I currently have a full-time job with a salary of 55k (+5-8k Bonus). I've asked my employer and they are ok with me doing contracting outside of work.

I've been offered a contracting job at £300 a day (they are also aware of my having a full-time job and are ok with this).

I wasn't able to find any information on what the best options might be under these circumstances. Will I still come under IR35 if the other job is fully remote? Is using a limited company a good option ?

Can you recommend any relevant guides?

[CatOnMat]

I currently have a full-time job with a salary of 55k (+5-8k Bonus). I've asked my employer and they are ok with me doing contracting outside of work.

I've been offered a contracting job at £300 a day (they are also aware of my having a full-time job and are ok with this).

I wasn't able to find any information on what the best options might be under these circumstances. Will I still come under IR35 if the other job is fully remote? Is using a limited company a good option ?

Can you recommend any relevant guides?

My understanding has always been that each role should be assessed on its own merits. Logic being that IR35 is completely irelevant in your perm role as you are an actual employee there, not a deemed one, whereas the contract role will be either inside or outside depending on its own characteristics, e.g. control, MOO, and so on as usual.

Note - IANAL and I'm sure others will be along shortly with their own interpretation for you...

[Superfly]

The permanent job aspect is irrelevant. It will have no bearing on the IR35 status of your contracting role. If an IR35 enquiry subsequently found you inside then it would mean you had been working two permanent jobs, which many people do.

[ladymuck]

The biggest issue is the amount of tax you're going to have to pay. Actually, that's not the biggest issue. Doing 16 hour days is going to be a killer. Juggling conflicting deadlines and clashing meeting times is also lots of fun.

You need to get the contract and working practises reviewed and an assessment made as to its status. It's completely independent of your permanent work. What is the client planning to do after 5 April? The IR35 assessment will be theirs to do and I'd expect them to give you that information now so you can properly plan which vehicle to use. It sounds to me like you've not even considered that which is concerning.

[Lance]

I currently have a full-time job with a salary of 55k (+5-8k Bonus). I've asked my employer and they are ok with me doing contracting outside of work.

I've been offered a contracting job at £300 a day (they are also aware of my having a full-time job and are ok with this).

I wasn't able to find any information on what the best options might be under these circumstances. Will I still come under IR35 if the other job is fully remote? Is using a limited company a good option ?

Can you recommend any relevant guides?

strictly speaking, and assuming the client goes with it, a role like this should always be outside IR35 on the basis that the employer always has the SDC of your work and time, therefore the contracting client cannot. ergo the contract should be outside.
Whether the client agrees post April is a different matter entirely.

The best question is simply, "show me the contract". If it's a contract for a LTD company then you're good.
There is a risk that they change it in April and you've gone and setup a LTD company for just 1 months work. Although it seems unlikely that anybody would offer an outside gig this late in the day if it wasn't going to stay outside.
You need to talk the client (not the agent) if possible and get a gut feel for what happens next.

[Fred Bloggs]

Given the tax burden on top of everything else, I couldn't be bothered with anything such as this. Sometimes you have to put quality of life at the top of the list of priorities. This sounds awful and unsustainable to deliver quality work consistently.

[ladymuck]

Given the tax burden on top of everything else, I couldn't be bothered with anything such as this. Sometimes you have to put quality of life at the top of the list of priorities. This sounds awful and unsustainable to deliver quality work consistently.

Yep, the client won't be paying £300 a day for a couple of hours' effort evenings and weekends. They'll want 7-8 hours a day.

[Lance]

Yep, the client won't be paying £300 a day for a couple of hours' effort evenings and weekends. They'll want 7-8 hours a day.

that's not necessarily so.
I have done this several times and managed, but the client has to understand. I would normally do it hourly, and for £300 a day, £40 an hour seems reasonable and manageable.

[Craig@Clarity]

Can you recommend any relevant guides?

Look to the right banner. There's a link for First Timers

[northernladuk]

I've been offered a contracting job at £300 a day (they are also aware of my having a full-time job and are ok with this).?

How are you going to fit a days work in when you are permanent? It's gonna be tempting to start doing a bit of that work on your employers time which will not end well for you. I'd put getting giddy about the money to one side and think long and hard about exactly how you are going to achieve this. You will have to contact the contract people during the working day but you are on perm time. I cannot see how you can manage this and keep them separate.

I'm sure everyone might say they are OK with this but I'll bet my bottom dollar as soon as the reality dawns on them you need to combine time one, the other or both will quickly change their minds.