Originally posted by Fraidycat
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Statement of Work (SoW) being outside of IR35?
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Originally posted by GhostofTarbera View Post
HMRC will look at the other people doing the exact same job and ask why is that one outside and the other 99 inside.
Now having found that guy is inside - could you pay this bill for all the other "outside IR35" contractors you weren't paying the correct tax for.Leave a comment:
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Originally posted by Fraidycat View PostThis may change as companies find it harder and harder to fill inside IR35 roles while competitors are offering outside roles.
Add Covid in to it and I think a vast majority of skilled contractors would consider inside roles now so company's won't struggle to fill them and usually won't have to take the bottom end of the market.
I don't think the landscape is or will be there where an equal number of clients are offering outside to give contractors the choice.Leave a comment:
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Originally posted by Fraidycat View PostThen be that specialist worker who gets the outside contract.
There is another option to help get outside IR35 renewals if you don't have specialist skills.
Which is to provide exceptional value to the client, actually work really hard for the 40 hours a week they pay you. Make yourself a bargain at the 600 a day (or whatever they pay you).
Most contractors don't provide anywhere near the value that they charge. eg Pathetically low level of code commits.
Personally i provide so much value and productivity compared to other contractors. I would be good value even at £2000 a day.
Many contractors (after you see what they actually produce in a year) aren't even really worth £200 a day let alone £2000.
Price's Laws: a handful of people do most of the work in many situations.
You want to part of that group.
Sent from my iPhone using Contractor UK ForumLeave a comment:
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Originally posted by eek View PostThe commercial risk of having 1000 outside IR35 contractors on site is too great.
The commercial risk of having 10 specialist workers outside IR35 isn't going to be that bad.
However companies can't do what they've been doing for the past 10 years and use contractors as a replacement for what should be permanent employees.
Then be that specialist worker who gets the outside contract.
There is another option to help get outside IR35 renewals if you don't have specialist skills.
Which is to provide exceptional value to the client, actually work really hard for the 40 hours a week they pay you. Make yourself a bargain at the 600 a day (or whatever they pay you).
Most contractors don't provide anywhere near the value that they charge. eg Pathetically low level of code commits.
Personally i provide so much value and productivity compared to other contractors. I would be good value even at £2000 a day.
Many contractors (after you see what they actually produce in a year) aren't even really worth £200 a day let alone £2000.
Price's Laws: a handful of people do most of the work in many situations.
You want to part of that group.Last edited by Fraidycat; 14 January 2021, 15:54.Leave a comment:
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Originally posted by Paralytic View PostDo you know if any any evidence (or even real expectation) that that will actually happen?
Yes, most companies want the best contractors, but will take someone adequate if it removes a big risk.
However, there is an opening for small companies that qualify as exempt from the pending legislation.
Small companies need a turnover of less than £10.1 millon, have up to 50 employees or a balance sheet total of £5 million. They must satisfy 2 of the 3 criteria for two consecutive tax years (or will be doing so), if true, then all they need is a SDS saying "we are exempt and therefore this contractor / consultant that we hired (entered a b-2-b relationship) is as well".
BTW: Small companies must be truly standalone legal entities, so no off-shoots and no tie parental super power firms, e.g. spin off Deutsche Bank / Citigroup are allowed.Leave a comment:
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Originally posted by eek View PostThe commercial risk of having 1000 outside IR35 contractors on site is too great.
The commercial risk of having 10 specialist workers outside IR35 isn't going to be that bad.
However companies can't do what they've been doing for the past 10 years and use contractors as a replacement for what should be permanent employees.Leave a comment:
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Originally posted by Fraidycat View PostWell there are enough clients offering outside IR35 contracts post April based on what look like standard daily rates.
Or agents advertising these roles?
There's no offer till there's a piece of paper.Leave a comment:
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Originally posted by Fraidycat View PostThis may change as companies find it harder and harder to fill inside IR35 roles while competitors are offering outside roles.
Yes, most companies want the best contractors, but will take someone adequate if it removes a big risk.Leave a comment:
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Originally posted by malvolio View PostThe commercial risks of outside IR35 contracts are simply too great.
What happned last year was companies introduced blanket bans and most contractors at those places simply rolled over and accepted it.
Some did quit, but had there been a larger revolt, with vast majority of contractors quitting, perhaps those clients might not have been so quick to introduce blanket bans.
Covid didnt help either, perhaps many more would have quit after finding something outside, but covid put an end to that.Last edited by Fraidycat; 14 January 2021, 14:18.Leave a comment:
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