Ok, fair play.
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
State of the Market
Collapse
X
Collapse
-
-
Originally posted by simes View PostCourage? Isn't an Outside contract what it's all about?
So, to answer your question, I think that "supply of services" is the best position to be in, which fits in with what a "real" company does. However, coming up with an accurate quote (so that you don't bankrupt yourself if the project overruns) is a skill that needs to be learned...Comment
-
Originally posted by hobnob View Post
As I understand it, this comes down to "supply of labour" vs "supply of services". E.g. suppose that I hire myself out as an Azure consultant for £X00/day; that could be inside or outside IR35. On the other hand, suppose that MyCo offers to do Azure migrations: I'd discuss a client's requirements, including how many VMs they've got and how soon they all need to be moved, then quote them £X,000 for the project as a whole. At that point, IR35 wouldn't apply, i.e. the client wouldn't give an SDS. However, if I subcontracted any of the work then there would be an SDS involved, between MyCo and the sub-contractor.
So, to answer your question, I think that "supply of services" is the best position to be in, which fits in with what a "real" company does. However, coming up with an accurate quote (so that you don't bankrupt yourself if the project overruns) is a skill that needs to be learned...
The phrase you are looking for is "contract of services vs contract for services". Those are very specific legal terms and form the basis of much case law in the UK. Including some IR35 cases.
This is pretty basic stuff and well documented.
Using terms like "supply of services" and "supply of labour" is totally unhelpful as there are better, and recognised, terms that already exist.
And there is nothing wrong with time and materials as a method of billing.Last edited by Contractor UK; 7 July 2022, 17:45.See You Next TuesdayComment
-
Originally posted by Lance View PostThe phrase you are looking for is "contract of services vs contract for services". Those are very specific legal terms and form the basis of much case law in the UK. Including some IR35 cases.
This is pretty basic stuff and well documented.
Using terms like "supply of services" and "supply of labour" is totally unhelpful as there are better, and recognised, terms that already exist.
And there is nothing wrong with time and materials as a method of billing.
You can have a contract 100% word perfect (which would be a miracle in itself based on your average agency) but if there is a clawback clause and the end client under pressure from HMRC says the contract should have been inside no level of perfect words is going to solve the problem for you.
Heck, given the existential crisis an IR35 tax demand would have on a lot of agencies I suspect they would be trying to claw the money back from you even if the contract didn't have an explicit clawback clause.
And yes I know I sound like Debbie Downer but we don't know how this is going to play out but I do know how HMRC want to play it...Last edited by Contractor UK; 7 July 2022, 17:45.merely at clientco for the entertainmentComment
-
Comment
-
Originally posted by PerfectStorm View PostI've got to say - it's great to hear opportunities coming in, and 9/10 outside of IR35.
I think we possibly got what we wanted - the companies stopped taking the easy advice of the 'consultants' and actually made their roles outside of IR35, in name and in spirit. Everybody wins.Comment
-
Originally posted by KentDogWalker View Post
just finished a 6 month outside gig, and straight into another one with ≈ £100 bump in day rateComment
-
Originally posted by KentDogWalker View Post
just finished a 6 month outside gig, and straight into another one with ≈ £100 bump in day rate⭐️ Gold Star ContractorComment
-
have been approached for 3 outside roles over prev weak.good rates as well for a python dev.
2 inside roles for some FS outfits at about £1000pd, inside unfortunately.
Market seems great. And to be frank I have been to busy watching Silicon Valley to even properly look.
We might be in a bubble and everyone that has the balls and ability should head for one before this goes bust. That's your duty as capitalist citizen - to get the tulipty place that lose people go bust!Comment
-
Originally posted by GigiBronz View Posthave been approached for 3 outside roles over prev weak.good rates as well for a python dev.
2 inside roles for some FS outfits at about £1000pd, inside unfortunately.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Labour’s plan to regulate umbrella companies: a closer look Yesterday 09:24
- When HMRC misses an FTT deadline but still wins another CJRS case Nov 20 09:20
- How 15% employer NICs will sting the umbrella company market Nov 19 09:16
- Contracting Awards 2024 hails 19 firms as best of the best Nov 18 09:13
- How to answer at interview, ‘What’s your greatest weakness?’ Nov 14 09:59
- Business Asset Disposal Relief changes in April 2025: Q&A Nov 13 09:37
- How debt transfer rules will hit umbrella companies in 2026 Nov 12 09:28
- IT contractor demand floundering despite Autumn Budget 2024 Nov 11 09:30
- An IR35 bill of £19m for National Resources Wales may be just the tip of its iceberg Nov 7 09:20
- Micro-entity accounts: Overview, and how to file with HMRC Nov 6 09:27
Comment