You thought IR35 was bad.

[eek]

careful what you wish for

There are plenty that do. Hays, RSG, Capita, Morsons, as examples of the top of my head. They are large enough to run a HR/payroll department. Small agencies want to focus on being oily salesmen.


What makes you think if the agency did your payroll they wouldn't take an extra cut? Of course they would cos you'd allow them as your alternative would be to find an umbrella who will take a cut.

But the difference is this:

Agency payroll with £40k going via salary sacrifice to your pension and the agency can pocket the employer NI savings for themselves. And 11% of £40k is £4400

Umbrella with £40k going via salary sacrifice to your pension that employer NI money is yours and should be heading towards your pension fund. So all you are paying is the umbrella fee of say £100 a month

[eek]

Surely if that were the case then all the Banks would have also banned the use of Umbrellas instead of advocating them? The Banks were the ones that got the blanket 'everybody now inside' ball rolling and employ more contractors than anybody else in the private sector. They would have most to lose wouldn't they?

Cue email in next few days saying I need to abandon my Umbrella.

I'm merely reporting what I heard - whether it's due to misinterpretation isn't something I'm going to speculate on although I will be attending HMRC's seminar tomorrow to hear exactly what is being said.

[jamesbrown]

I'm merely reporting what I heard - whether it's due to misinterpretation isn't something I'm going to speculate on although I will be attending HMRC's seminar tomorrow to hear exactly what is being said.

Do you have a link or is that by invitation only?

[eek]

Do you have a link or is that by invitation only?

https://www.eventbrite.co.uk/e/opw-w...=eemailordconf

I think there are still tickets for the one next Wednesday

[jamesbrown]

https://www.eventbrite.co.uk/e/opw-w...=eemailordconf

I think there are still tickets for the one next Wednesday

Thanks! I actually managed to squeeze in for the one tomorrow.

[eek]

And boy was that painful.

An SDS can be issued at any time prior to first payment - do HMRC know how the world actually works and what a legal contract is and that an inside IR35 contract may need a different signature / party to an outside IR35 contract.

And an agency suggesting using the opt out of regulation rules to reduce (their) risk.

[northernladuk]

And boy was that painful.

An SDS can be issued at any time prior to first payment - do HMRC know how the world actually works and what a legal contract is and that an inside IR35 contract may need a different signature / party to an outside IR35 contract.

And an agency suggesting using the opt out of regulation rules to reduce (their) risk.

Because they believe we are all disguised permies who should be inside that option has occurred to them.

[eek]

Because they believe we are all disguised permies who should be inside that option has occurred to them.

Because HMRC haven't got the first clue of how the real world actually works and how their deemed payment scheme completely falls apart.

It was beyond painful and be careful I might ring and rant - it was that bad...

[LondonManc]

Given the state of permanent jobs not being permanent any more, a 12-month contract via PAYE on £600 per day is still far better than a permie job on £60k pa if you want to keep doing the gig thing. Times are hard for everyone and grumbling about having to pay "normal tax" on a £120k pa gig isn't going to get you many hugs.

[Lance]

And boy was that painful.

An SDS can be issued at any time prior to first payment - do HMRC know how the world actually works and what a legal contract is and that an inside IR35 contract may need a different signature / party to an outside IR35 contract.

And an agency suggesting using the opt out of regulation rules to reduce (their) risk.

that says to me that nobody should start work until they've received the SDS.