FLCs - LFIG Proposal

[eek]

Yeah, but who would a Labour gov't listen to?

Useful letter anyway. I don't think it says much that we didn't know, i.e. it's a tough backdrop, but it's important to hear these concerns from people that know what they're talking about. The downside risks of IPSE lending credibility to the FLC structure remain, as do the upside benefits of influencing the design. One can argue the balance either way. My concern is more with the working assumption that it will be (can be) optional, because I think it clearly won't be optional.

+1 opting out and opting in is supposedly optional but many agencies won't deal with people who want to opt in. If payments to an FLC are excluded from HMRC's agency requirements I can imagine most agencies will say use an FLC or forget about that contract...

[TheFaQQer]

+1 opting out and opting in is supposedly optional but many agencies won't deal with people who want to opt in. If payments to an FLC are excluded from HMRC's agency requirements I can imagine most agencies will say use an FLC or forget about that contract...

Yes - there's a difference between it being optional in legislation (which it will be) and optional in practice (which it won't be)

It's perfectly simple - you keep a Ltd for the one place that accepts them, and an FLC for everything else...

[TykeMerc]

+1 opting out and opting in is supposedly optional but many agencies won't deal with people who want to opt in. If payments to an FLC are excluded from HMRC's agency requirements I can imagine most agencies will say use an FLC or forget about that contract...

It's inevitable that scenario would play out, there's no debate that the Agencies would take the path of least resistance which is to ignore contractors who won't use the FLC approach.

Optional or not is utterly irrelevant the Agencies ignore their toothless regulation bodies.

[eek]

Yes - there's a difference between it being optional in legislation (which it will be) and optional in practice (which it won't be)

It's perfectly simple - you keep a Ltd for the one place that accepts them, and an FLC for everything else...

Nope I move up the food chain replace agents with salesmen and bring contractors in to pick up the stuff I can't offshore.

[TheFaQQer]

Nope I move up the food chain replace agents with salesmen and bring contractors in to pick up the stuff I can't offshore.

Make them work via an FLC though