Work in Banking? Don't worry about the blanket ban you were probably inside all along

[gnarledcontractor]

Gnarly!!

I mean... What's the point of having IR35 insurance these days? If you already have it, it may provide some defence (to be defined) against past engagements. I suppose my question is, have QDOS et al. now switched their business model totally to providing consultancy to clients when issuing determinations?

[LetterBox]

What the hell is a professional day?

Also, I personally love the fact that if you say that you work remotely then this isn't a big deal as permies are allowed to do this as well. If you don't work remotely, then you are a permie.

But it's never that simple. It's the relationship you have with the client versus a perm that's more important. Perm WFH may need approval, business should not. Conversely, being in the office 5 days a week may be the only way to get things done when you provide a service. The first point should differentiate, the second negates the argument that just because you're in the office you're a perm.

[LetterBox]

I mean... What's the point of having IR35 insurance these days? If you already have it, it may provide some defence (to be defined) against past engagements. I suppose my question is, have QDOS et al. now switched their business model totally to providing consultancy to clients when issuing determinations?

Would make business sense, expect they have been moving towards this long before now.

[LetterBox]

Similarly, it also probably means that any insurance that Joe contractor has (including the IPSE offering and QDOS) is not worth the paper is written on as well.

The point in time nature of the IR35 assessment reviews and Working Practice assessment reviews would lead to this conclusion. The insurance cover is weakened IMO with judgments that appear to overlook what used to be useful arguments. It is better than nothing, but now liability is shifting and the IR35 walls are being broken down by judges decisions on difficult legislation, you'd need a really good reason to not close your company down, draw a line underneath pre April 2020 and move onwards in whatever fashion, before the safety net of QDOS reviews and due diligence disappear completely.

Happy Friday.

[DeathAndTax]

Lloyds Banking Group - Outside IR35 8-O

Can't believe I've just seen an outside IR35 contract with LBG

Or I wonder if they're struggling to find someone with R Coding knowledge

Asset Modeller (R coding) - This role is Outside IR35

[Amanensia]

Can't believe I've just seen an outside IR35 contract with LBG

Or I wonder if they're struggling to find someone with R Coding knowledge

Asset Modeller (R coding) - This role is Outside IR35

There are several "outside" roles in modelling at LBG. Mostly highly specialised roles that require significant actuarial knowledge as well as experience with Prophet/ALS/MoSes development. The R roles will be similar - it's unlikely that R experience without an actuarial or investment background will be enough to land a contract.

[mogga71]

Strangely, the new IR35 rules that kick in next month could well help the permie-contractors. Yes, you can take it with a pinch of salt, but the HMRC have now stated, on multiple occasions, that for anybody switching to inside from outside next month, they will not be investigated, unless some serious cr&p has been going on. If I was a permie-contractor and was not switching to inside next month, I would be worried by this case.

I reckon the guys still outside IR35 after April will be the centre of investigations....thats not likely to be the vast majority of contractors at the banks.

[eek]

Strangely, the new IR35 rules that kick in next month could well help the permie-contractors. Yes, you can take it with a pinch of salt, but the HMRC have now stated, on multiple occasions, that for anybody switching to inside from outside next month, they will not be investigated, unless some serious cr&p has been going on. If I was a permie-contractor and was not switching to inside next month, I would be worried by this case.

I reckon the guys still outside IR35 after April will be the centre of investigations....thats not likely to be the vast majority of contractors at the banks.

read what HMRC actual say. “Suspect fraud” is a very broad term when HMRC are involved. Claiming to be outside is fraud if you had any inclination you might have been inside.

[SeededLoaf]

HMRC will focus on those who stay outside for now then in a few years time go back to those who flipped with the same end client. I mean why waste energy on those that have already been run aground when there are active tax dodgers that need to be hunted down.

[jamesbrown]

HMRC will focus on those who stay outside for now then in a few years time go back to those who flipped with the same end client. I mean why waste energy on those that have already been run aground when there are active tax dodgers that need to be hunted down.

Because they’re mainly interested in money and the money lies with those that have implicitly admitted they were inside all along, not with BAU tribunal losses, especially now that the end client explicitly agrees (a win here or there doesn’t change the record).