Originally posted by MyUserName
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Off-payroll workers, including Limited Company Contractors meeting their HMRC tax....
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The material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_Park -
Originally posted by speling bee View PostThis is a very IT orientated view (and I know this forum is primarily for IT contractors). My role cannot be outsourced abroad. If I walk, they cannot adequately replace me, so their project quality and enabled benefits will be reduced.Comment
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Originally posted by MyUserName View PostWhat frustrates/worries me is that if the public sector is emptied of contractors and then filled with Bobs it means a lot more competition for me in the private sector which will probably drive down ratesIn Scooter we trustComment
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Originally posted by speling bee View PostThis is a very IT orientated view (and I know this forum is primarily for IT contractors). My role cannot be outsourced abroad. If I walk, they cannot adequately replace me, so their project quality and enabled benefits will be reduced.Comment
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Originally posted by swampysarmy View PostPlus a lot of these roles require security clearance. Not easy (if impossible) for Bobs.Comment
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Originally posted by MyUserName View PostHmmm ... that does not frustrate or worry me.The material prosperity of a nation is not an abiding possession; the deeds of its people are.
George Frederic Watts
http://en.wikipedia.org/wiki/Postman's_ParkComment
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Originally posted by Old Hack View PostWell, looking into this further, it seems fairly easy for normal contractors to be considered low risk, and avoid IR35 being enforced.
1. Rent hot desk space and agree working from home in principle - Cost around £500 p.a.
2. Pay for Public Liability Insurance - Cost around £400 p.a.
3. Advertise on Web site - Cost around £1200 p.a.
So all in, to put you in Low risk category of IR35, costs around £2k, and saves paying up to 45% of income in extra taxes. However, if you and some friends advertise on each others web sites, for £1,200 a year each, you have a revenue stream too, as well as fulfilling your obligations, so it's only going to cost you £900 odd to remove the risk.
Until they change the goalposts again.
The hot desk option, how can one prove that you actually worked from the hot desk if you do get investigated ?
As per the insurance, is it indemnity insurance that is erquired or public liability ?
Advertising on a website, does this mean that if one owns a website you advertise your services or perhaps advertise your services on those owned by friends ?
Thanks in advance.Comment
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This might be a good point to remind everyone of the following web page...
Public Sector Review & Controlling Persons
HTHBlog? What blog...?Comment
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Originally posted by malvolio View PostThis might be a good point to remind everyone of the following web page...
Public Sector Review & Controlling Persons
HTH
I can't read that again, it makes me too angry. Basically, if you're medium/high risk, all you need is a contract review to confirm you're outside IR35. Never mind working practices and everything else that goes with being outside IR35...Comment
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Originally posted by Old Hack View PostWell, looking into this further, it seems fairly easy for normal contractors to be considered low risk, and avoid IR35 being enforced.
1. Rent hot desk space and agree working from home in principle - Cost around £500 p.a.
2. Pay for Public Liability Insurance - Cost around £400 p.a.
3. Advertise on Web site - Cost around £1200 p.a.
So all in, to put you in Low risk category of IR35, costs around £2k, and saves paying up to 45% of income in extra taxes. However, if you and some friends advertise on each others web sites, for £1,200 a year each, you have a revenue stream too, as well as fulfilling your obligations, so it's only going to cost you £900 odd to remove the risk.
Until they change the goalposts again.
If they stop messing about with these rules or decide to sort the tax system and abandon NI and go to flat rate tax - then I might think about working for them again. Too bad - I've got a niche set of skills that every gov org I've worked for finds it hard to recruit for. Likewise the other chaps I've worked with have all walked. Now they are going to have to hunt extra hard. Luckily the market is good now, so I'm seeing the gov job rates climbing to try and attract people. If they go another 20% I'll be happy to be inside IR35.Signed sealed and delivered.Comment
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