Bank of America Merrill Lynch Contractor rate cut

[northernladuk]

Out of interest, would a rate cut like this be good for IR35?

It will be useful as it shows you are exposed to risk above and beyond a permie but it's still not up there with the three main flags. A disguised permie inside IR35 also gets hit with this as well so isn't a get out of jail card. Definitely one to be stored in the evidence file though.

[heyya99]

It will be useful as it shows you are exposed to risk above and beyond a permie but it's still not up there with the three main flags. A disguised permie inside IR35 also gets hit with this as well so isn't a get out of jail card. Definitely one to be stored in the evidence file though.

What the these flags you speak of? *checks box of flags*

[cojak]

What the these flags you speak of? *checks box of flags*

MOO
RoS
D&C

I'll let you google those TLAs...

[unixman]

The contract breakers list - clients on this list are effectively saying "Please charge us 15% more from the outset".

[fool]

The contract breakers list - clients on this list are effectively saying "Please charge us 15% more from the outset".

If you can charge 15% more you should be charging 15% more, irregardless of who the client is.

[northernladuk]

The contract breakers list - clients on this list are effectively saying "Please charge us 15% more from the outset".

Except that they all have rate cards so that's not an option.

[BrilloPad]

MOO
RoS
D&C

I'll let you google those TLAs...

Can I search for those using the CUK search function?

[northernladuk]

On reflection, there are two companies on this list that I did take a gig with and guess what ... I got a rate reduction from them.

For me it's lesson learned.

Question is... If you knew it was going to happen would you have taken the gig?

[LondonManc]

One of them approached me last year after I suffered a rate cut there a few years earlier. I put in at £50 more than I went in on last time to pre-empt the rate cut. Didn't hear back

[nomadd]

One of them approached me last year after I suffered a rate cut there a few years earlier. I put in at £50 more than I went in on last time to pre-empt the rate cut. Didn't hear back

£50 / hr is quite an increase, though.