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Should I expect an SDS for Inside-IR35 contact?

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    Should I expect an SDS for Inside-IR35 contact?

    I've just been offered a new contract that's described as Inside IR35. It's with a large well-know multinational bank. I've provisionally accepted, subject to contract wording etc, and have asked the agent to supply a KID, SDS, umbrella PSL, etc.

    The response from the agent was "we don't have an SDS, the client has blanket declared all roles as inside". This surprised me somewhat as I thought that a Status Determination Statement (SDS) was mandatory regardless of whether a role is inside or out.

    So, should I be expecting an SDS for in Inside role? If they refuse to provide an SDS, is this a red flag? Does it really make any difference if I'm going to use an umbrella anyway?

    Thanks

    #2
    Originally posted by zcapr17 View Post
    I've just been offered a new contract that's described as Inside IR35. It's with a large well-know multinational bank. I've provisionally accepted, subject to contract wording etc, and have asked the agent to supply a KID, SDS, umbrella PSL, etc.

    The response from the agent was "we don't have an SDS, the client has blanket declared all roles as inside". This surprised me somewhat as I thought that a Status Determination Statement (SDS) was mandatory regardless of whether a role is inside or out.

    So, should I be expecting an SDS for in Inside role? If they refuse to provide an SDS, is this a red flag? Does it really make any difference if I'm going to use an umbrella anyway?

    Thanks
    The agent has screwed up there - the bank won't have blanket declared all roles inside - that's illegal.

    The bank will have a ban on the use of Personal Service Companies - as that's legal and doesn't require determinations to be made.

    It also makes things come next April a bit easier were you to stay..
    merely at clientco for the entertainment

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      #3
      Originally posted by eek View Post
      The bank will have a ban on the use of Personal Service Companies - as that's legal and doesn't require determinations to be made.

      It also makes things come next April a bit easier were you to stay..
      Thanks for the expert clarification eek . All makes sense...

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