'Crackdown' on brollies?

[Bluenose]

Is this the one where a bloke walks into a bar, that is 30% more expensive to drink IR35 IPA at than the last bar and then goes on to yell at everyone that the bar is shutting down but the Infosys bar across the road is open and will always be open, forever.

The landlord at this new place apparently has a heated swimming pool and pays 24% tax.

[eek]

Is this the one where a bloke walks into a bar, that is 30% more expensive to drink IR35 IPA at than the last bar and then goes on to yell at everyone that the bar is shutting down but the Infosys bar across the road is open and will always be open, forever.

The landlord at this new place apparently has a heated swimming pool and pays 24% tax.

Not quite - it's more HMRC want every penny in tax and are very happy to screw contractors pensions if needs most (which is option 3 - deemed payments where the agency is responsible for NI (especially Employers NI) but not pensions)

And literally the only reason a contractor would use an umbrella is to maximise their pension contributions.

I will admit that the end point is that its cheaper to outsource the lot to India.

[Bluenose]

And literally the only reason a contractor would use an umbrella is to maximise their pension contributions.

[eek]

If option 3 ends up being HMRC's preferred option there is no incentive for any large agency to use an umbrella they would just put everyone on agency payroll and remove the hassle.

[Smoggy]

Option 3 will clearly be the preferred option. Removing our pension rights under the guise of simplifying processes and cracking down on a few bad actors. Fill yer pension boots while you still can!

[eek]

Option 3 will clearly be the preferred option. Removing our pension rights under the guise of simplifying processes and cracking down on a few bad actors. Fill yer pension boots while you still can!

Oh when option 3 arrives the choice is go permanent or actually start a consultancy.

I don't think it will because agencies hate deemed payments - but the compliance firms will need to step up and offer solutions agencies can use to verify their members.