Originally posted by Lance
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I believe it won't improve equality - it will just hand advantages to certain vested interests whether it is like eek rubbing his hands with glee at being able to bring people into the UK at £25k and undoubtedly anyone else trying to run a consultancy. Eek's person on £25k, while most likely on PAYE with the employer/employee NICs that the government so desperately wants, will be able to be fully expensed to stay in hotels, something which IR35 caught contractors will no longer be able to do.
Ultimately, as has been shown with the whole excluded UK thing, part of the risks we take as contractors is to ensure we build up enough of a war chest for lean times, whether caused by generally poor market conditions or more extreme events such as we're seeing now with the pandemic.
For the risks and liquidity we add to the market for delivering projects in the UK, there should be a premium, particularly as we have very little in the way of a safety net. When we have an Oxford Professor pontificating as to whether the self-employed and employed should pay different taxes (to which she stated no), it's typical of someone sitting in their ivory tower never taking a risk.
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