How much are HMRC enjoying the PSC crackdown panic?

[MicrosoftBob]

I feel smug, we moved to a cheaper area and got a big house with a tiny mortgage

We need to earn £30k between us for life to be bearable, anything else and we're laughing

So worst case we can survive if one of us is out of work, and the other has to take a permie job

So however bad it gets we will survive

I couldn't cope with the sleepless nights of worrying about interest rate rises and being reliant on a contractor lifestyle

[LucidDementia]

Because many people have mortgages and life styles based on contractor incomes? . If that changes quite a few people are going to be in a sweaty situation.

Well that suggests living beyond their means really, in which case I have little sympathy. To do that on 4 or 500 quid a day takes some doing unless you're pretty reckless IMHO.

Perhaps my outlook stems from never using credit? I'm kinda unique like that.

[NibblyPig]

Indeed, the same bunch that try avoid IR35 using a tick list who are suggesting all sorts of convoluted ways to get around it already just tell HMRC they've got it right.

What's IR35?


-85% of contractors and employers I know

[ZARDOZ]

I've met a few contractors who are skint by the time they are 'paid'. All had high maintenance lifestyles. Private school fees, status cars, huge mortgages, second homes etc etc. No savings. Some of those guys are going to have a big wake up call.

[BrilloPad]

I've met a few contractors who are skint by the time they are 'paid'. All had high maintenance lifestyles. Private school fees, status cars, huge mortgages, second homes etc etc. No savings. Some of those guys are going to have a big wake up call.

Not to mention several BTLs....

[ZARDOZ]

Not to mention several BTLs....

The ones I'm think of aren't that sensible, they probably don't even know about the proposed changes yet. They act like PAYE.

[northernladuk]

I think you are worried that your supply of newbies to insult will dry up.

Nothing would make me happier

[northernladuk]

Well that suggests living beyond their means really, in which case I have little sympathy. To do that on 4 or 500 quid a day takes some doing unless you're pretty reckless IMHO.

Perhaps my outlook stems from never using credit? I'm kinda unique like that.

And that suggests you are an idiot.

[jpdw]

I've met a few contractors who are skint by the time they are 'paid'. All had high maintenance lifestyles. Private school fees, status cars, huge mortgages, second homes etc etc. No savings. Some of those guys are going to have a big wake up call.

The ones I'm think of aren't that sensible, they probably don't even know about the proposed changes yet. They act like PAYE.

They typically also don't understand much about running a business at all -- VAT & CT ("account does it all"), Dividends vs PAYE ("yup he does that too"), expenses ("I send my receipts to the accountant once a year"), etc,.... The same ones that wonder why they get to pay HMRC's fine if/when their shoddy accountants miss the VAT return (okay, so the accountant should be strug up too...)

[cojak]

And that suggests you are an idiot.

No, it suggests that LD is happy in his own skin. I'm in the same place as him.

If you live the high life, be prepared for being dropped in it if the work disappears.