Hi, my first post and it's another "backing out after verbally accepting a contract" one. So, I have got some idea of what to expect. The reason I'm posting afresh instead of simply referring to previous threads is the slight twist in my own personal tale.
Basically I verbally agreed to a public sector contract without being aware of the HMRC reporting requirements and associated IR35 risks. Clearly should have done my homework but I just had no idea at the time.
I'm not keen on taking on the extra risk associated with my details potentially being passed on to HMRC. With this in mind do you think it's reasonable enough to back out of the contract? I'm a little way into the process but have yet to see an actual copy of the contract itself.
I guess it's worth mentioning that I am based in London so while I don't want to upset the agency/client it's unlikely to be too damaging for me in the long term.
Thanks
ES.
Basically I verbally agreed to a public sector contract without being aware of the HMRC reporting requirements and associated IR35 risks. Clearly should have done my homework but I just had no idea at the time.
I'm not keen on taking on the extra risk associated with my details potentially being passed on to HMRC. With this in mind do you think it's reasonable enough to back out of the contract? I'm a little way into the process but have yet to see an actual copy of the contract itself.
I guess it's worth mentioning that I am based in London so while I don't want to upset the agency/client it's unlikely to be too damaging for me in the long term.
Thanks
ES.
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