State of the Market

[SussexSeagull]

Seems like IR35 reform is working well - many of the contractors, who previously claimed to be in some kind of "business" transitioning into permies and finding that this is working for them.

That is positive thing in the long run. First, more workers will be subjected to employment legislation, meaning more social contribution from employers and secondly there will be less supply on the contract market allowing contractors who actually running businesses to make decent living.

I hope we also see regulation on use of umbrellas - this is long overdue.

That's all well and good but you don't get to decide if you are a genuine business or not anymore.

[dsc]

Seems like IR35 reform is working well - [...]secondly there will be less supply on the contract market allowing contractors who actually running businesses to make decent living.[...]

Well so far we've seen a massive reduction in outside roles and 95% of what is out there is inside but on crap rates, so worse than actual perm. Not sure this is positive for anyone running a business.

[Sub]

Seems like IR35 reform is working well - many of the contractors, who previously claimed to be in some kind of "business" transitioning into permies and finding that this is working for them.

That is positive thing in the long run. First, more workers will be subjected to employment legislation, meaning more social contribution from employers and secondly there will be less supply on the contract market allowing contractors who actually running businesses to make decent living.

I hope we also see regulation on use of umbrellas - this is long overdue.

[sadkingbilly]

The thing is many contractors are greedy and totally selfish. They still can't get out of the mindset that the extra tax should somehow be going in their pocket.

ftfy

[dx4100]

Versus giving it to a government who p155es up against a wall?

No versus you p155es up against a third holiday and new tesla. Public services are starved of funds thanks to 14 years of Tory mismanagement and decline.

[oliverson]

The thing is many contractors are morally opposed to paying more tax even they are netting more. They still can't get out of the mindset that the extra tax should somehow be going in their pocket.

Versus giving it to a government who p155es up against a wall?

[TheDude]

I closed down my Ltd just after covid so around 4 years ago. On my second perm position, the latest being a FTC which has just been extended.

It's not that bad really, like the poster said before you just pay more tax which is I guess exactly what the government want.

The thing is many contractors are morally opposed to paying more tax even they are netting more. They still can't get out of the mindset that the extra tax should somehow be going in their pocket.

[coolhandluke]

I closed down my Ltd just after covid so around 4 years ago. On my second perm position, the latest being a FTC which has just been extended.

It's not that bad really, like the poster said before you just pay more tax which is I guess exactly what the government want.

[dx4100]

Nice, well done. Sounds like a no brainer to me.

Yeah, just hoping I can hack the transition :P

[avonleigh]

Top end salary for what I do, 15% pension, medical, car, decent holiday allowance plus more. Decent package.

Nice, well done. Sounds like a no brainer to me.