Originally posted by centurian
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Why we MUST ditch our lazy attitude to finding work through agents and agencies
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Originally posted by NibblyPig View Post
Maybe recruiter model will change to a finders fee. Pretty sure you're not under SDC if the recruiter places you and collects a flat £xxx fee instead of billing etc. via them.
Or even if they simply introduce you and the contractor bills the client and the recruiter bills the client too for some fee.
Basically cut out the recruiter handling timesheets etc."You’re just a bad memory who doesn’t know when to go away" JRComment
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Originally posted by VectraMan View Post
If you can earn double a permie's gross as a contractor how can it not still be worth being a contractor even paying tax at a higher rate than a permie on the same salary, whose employer can offset their expenses against taxes.Down with racism. Long live miscegenation!Comment
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Originally posted by VectraMan View Post
If you can earn double a permie's gross as a contractor how can it not still be worth being a contractor even paying the same rate of tax as everyone else?
You're only really getting back 20% of expenses as things stand now, so is having to pay that 20% of a B&B bill really going to "screw the 'stay away' crowd"?
If your Ltd reimburses you your T&S costs that will be counted as remuneration and not expenses, so you will then pay tax on that as if it was salary. Your company will not be able to claim tax relief on it. If the company pays T&S on your behalf then it will be regarded as BIK and taxed accordingly, and the company will not get tax relief on it.
We would not just lose the 20% relief, we would end up paying tax on the cost of expenses as well."Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
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Originally posted by DaveB View PostI wonder what the Pimps would make of this, especially as Reed have just had their appeal refused for £158m in tax on T&S for their temps.
Combine that with contractors making an effort to start going direct and it could well have an effect on their business.
We could start seeing them working on a fixed fee baisis as they do with permie recruits, rather than a %tge of day rate, with the contracts for work being direct between client and contractor.
Originally posted by DaveB View PostYes, Because...
If your Ltd reimburses you your T&S costs that will be counted as remuneration and not expenses, so you will then pay tax on that as if it was salary. Your company will not be able to claim tax relief on it. If the company pays T&S on your behalf then it will be regarded as BIK and taxed accordingly, and the company will not get tax relief on it.
We would not just lose the 20% relief, we would end up paying tax on the cost of expenses as well.Comment
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Originally posted by DaveB View PostYes, Because...
If your Ltd reimburses you your T&S costs that will be counted as remuneration and not expenses, so you will then pay tax on that as if it was salary. Your company will not be able to claim tax relief on it. If the company pays T&S on your behalf then it will be regarded as BIK and taxed accordingly, and the company will not get tax relief on it.
We would not just lose the 20% relief, we would end up paying tax on the cost of expenses as well.Comment
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For those who say we just go direct in future, what incentives are their for the client to help up? The main reason they use agencies is to make their life easier in the first place.Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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If I also read this right, its not just expenses we are being hit with, we are going to be automatically deemed within IR35? If this is the case what is the point of running our own LtdCo anymore, the brollys must be happy(ish)Originally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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I did go direct, got my first contract via an ex-colleague, but I'm still with an agent as the big corp handles all contractors through the agent.
As has been said already, big corps use agents to handle this because it's easier, and I'd guess they'd have to have a lot of contractors all the time to make it worth their while doing it in-house so we could contract direct...Comment
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Originally posted by motoukenin View PostNot quite into the contractor thing yetComment
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