State of the Market

[JohnM]

When it picks up again, which it will, that is 100% certain

Make sure you all remember the agencies/companies offering £150-200 a day contracts now

Don't touch them with a barge pole

Same goes for the companies who tried to blanket IR35 in March and will do the same again

We are being attacked from all angles at the minute, loan charge, IR35 reversal after loads had already resigned or left contracts, no coronavirus help off government, 80%+ drop in advertised roles, about a 25% drop in day rates and while the rest of the economy is getting a huge amount of help to get back on its feet we are getting taxed approx an extra 20% next April with them not even being clever enough to understand that they are going to lose 20% in VAT and in effect not increase tax receipts at all, the whole thing is crazy

Imagine how crazy they would look putting a new 20% tax on retail in April given the current economic conditions, imagine them doing that and not even increasing tax receipts ie as a punitive measure, there would uproar in the press and on social media however we are being portrayed as rich tax avoiders by HMRC/Gov and some clients are taking the p*ss to be frank

Don't forget the ones that do

[jainnode]

When it picks up again, which it will, that is 100% certain

Make sure you all remember the agencies/companies offering £150-200 a day contracts now

Don't touch them with a barge pole

Same goes for the companies who tried to blanket IR35 in March and will do the same again

We are being attacked from all angles at the minute, loan charge, IR35 reversal after loads had already resigned or left contracts, no coronavirus help off government, 80%+ drop in advertised roles, about a 25% drop in day rates and while the rest of the economy is getting a huge amount of help to get back on its feet we are getting taxed approx an extra 20% next April with them not even being clever enough to understand that they are going to lose 20% in VAT and in effect not increase tax receipts at all, the whole thing is crazy

Imagine how crazy they would look putting a new 20% tax on retail in April given the current economic conditions, imagine them doing that and not even increasing tax receipts ie as a punitive measure, there would uproar in the press and on social media however we are being portrayed as rich tax avoiders by HMRC/Gov and some clients are taking the p*ss to be frank

Don't forget the ones that do

yeh, - right. good luck with that. let us know how it goes.

[ladymuck]

The latest contributions to this thread require a healthly does of WGAS.

Just sayin' like...

There's a lot of second guessing going on about agents' motivations and such like which really aren't worth anyone's time or energy.

[GhostofTarbera]

yeh, - right. good luck with that. let us know how it goes.

Indeed that’s 98% of all contacts then


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[eek]

When it picks up again, which it will, that is 100% certain

Make sure you all remember the agencies/companies offering £150-200 a day contracts now

Don't touch them with a barge pole

Same goes for the companies who tried to blanket IR35 in March and will do the same again

We are being attacked from all angles at the minute, loan charge, IR35 reversal after loads had already resigned or left contracts, no coronavirus help off government, 80%+ drop in advertised roles, about a 25% drop in day rates and while the rest of the economy is getting a huge amount of help to get back on its feet we are getting taxed approx an extra 20% next April with them not even being clever enough to understand that they are going to lose 20% in VAT and in effect not increase tax receipts at all, the whole thing is crazy

Imagine how crazy they would look putting a new 20% tax on retail in April given the current economic conditions, imagine them doing that and not even increasing tax receipts ie as a punitive measure, there would uproar in the press and on social media however we are being portrayed as rich tax avoiders by HMRC/Gov and some clients are taking the p*ss to be frank

Don't forget the ones that do

What does loan charge have to do with anything.

And as with comments about how much VAT we generate as contractors it shows you don't understand what HMRC care about - which is keeping people employed so that employer NI continues to roll in and discourage companies from outsourcing more and more work to independents.

[perplexed]

What does loan charge have to do with anything.

And as with comments about how much VAT we generate as contractors it shows you don't understand what HMRC care about - which is keeping people employed so that employer NI continues to roll in and discourage companies from outsourcing more and more work to independents.

Surely it should be "discourage companies from outsourcing more and more work to independents" in the UK as they clearly don't seem to care that work will be offshored.

[perplexed]

I know clients are trying to drive rates down, even for perms, but this is massively below minimum wage!

"Java Developer
Sanderson Recruitment
Swindon (SN1)
£45 - £55 per annum + plus benefits"

After tax, you're looking around 50p a week!

[eek]

I know clients are trying to drive rates down, even for perms, but this is massively below minimum wage!

"Java Developer
Sanderson Recruitment
Swindon (SN1)
£45 - £55 per annum + plus benefits"

After tax, you're looking around 50p a week!

But think of the exposure the Developer will get.

[perplexed]

But think of the exposure the Developer will get.

Turning tricks would be one way of making the cash - concurrent contracts too.

[LondonManc]

Had it confirmed today - a chef applied for a DBA job this week (one requiring 5 years as a DBA).