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November Budget - Stop Public sector IR35 rules coming into the Private sector

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    #21
    Originally posted by tarbera View Post
    so you are in the clear if IR35 rules are introduced into the private sector then?
    IR35 already applies to the private sector. And always has.

    Do you understand what it is you are speculating will happen?
    See You Next Tuesday

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      #22
      Originally posted by Lance View Post
      IR35 already applies to the private sector. And always has.

      Do you understand what it is you are speculating will happen?
      Lots of people on these boards work for a bank via a PSC have had their contracts reviewed and are outside IR35

      Roll forward to April next year, when banks all take the least risky option and convert all roles into IR35 caught

      Thus your £10K a month contract suddenly becomes £4.5K net earnings

      From that £4.5K you need to pay your expenses (fly up and down from Scotland and stay in London hotels £2.5K from net earnings)

      Your accounts - Net earning, that new laptop - ohh from your net earnings again, £150 for a xmas party - not any more. Have a company car lease, out your net earnings again

      So after expenses say you are left with £1500 to pay your mortgage, wife and family, holidays etc

      So from your £10K a month contract you earn about £10 an hour in your pocket

      Comment


        #23
        Originally posted by tarbera View Post
        Lots of people on these boards work for a bank via a PSC have had their contracts reviewed and are outside IR35

        Roll forward to April next year, when banks all take the least risky option and convert all roles into IR35 caught

        Thus your £10K a month contract suddenly becomes £4.5K net earnings

        From that £4.5K you need to pay your expenses (fly up and down from Scotland and stay in London hotels £2.5K from net earnings)

        Your accounts - Net earning, that new laptop - ohh from your net earnings again, £150 for a xmas party - not any more. Have a company car lease, out your net earnings again

        So after expenses say you are left with £1500 to pay your mortgage, wife and family, holidays etc

        So from your £10K a month contract you earn about £10 an hour in your pocket

        Don't presume everyone lives in Scotland.

        What will happen if IR35 rules are enforced in the bad way they are enforced in the public sector is some companies especially those that aren't near a city or large town will find they cannot get contractors even if they up their rates.

        The only contractors companies in cities and large towns will get will be ones who live in commutable distance. In the case of the banks in London this means they will still get those who live in London and the SE.
        "You’re just a bad memory who doesn’t know when to go away" JR

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          #24
          My letter is sent. We've got a new boy, so I'm hoping he might be a bit keener than his predecessor.

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            #25
            Just sent me - edited it and I'll admit it got a bit ranty towards the end there!

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              #26
              Are we sending it to the HoC or constituency office?
              Originally posted by Stevie Wonder Boy
              I 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.

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                #27
                My guess is that this is going to happen irrespective of any letter writing and then rolled back 1 -2 years after implementation due to the chaos brought into the private sector.

                Those contractors who can survive those months will be the ones best placed to benefit from the roll-back.
                "I can put any old tat in my sig, put quotes around it and attribute to someone of whom I've heard, to make it sound true."
                - Voltaire/Benjamin Franklin/Anne Frank...

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                  #28
                  Originally posted by tarbera View Post
                  so you are in the clear if IR35 rules are introduced into the private sector then?
                  no and neither are you IPSE member or not*

                  *I suppose you mean public sector rules introduced in the private sector because IR35 has been around a very long time also in the private sector

                  Comment


                    #29
                    Presumably they will roll it out into the private sector to level the playing field and remove the unfairness between the public and private sectors - avoiding the fact that they were responsible for creating the unfairness and uneaven playing surface in the first place.
                    Rule Number 1 - Assuming that you have a valid contract in place always try to get your poo onto your timesheet, provided that the timesheet is valid for your current contract and covers the period of time that you are billing for.

                    I preferred version 1!

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                      #30
                      I'm having an optimistic day.
                      Guys. If your contract is outside and more importantly your working practices are outside what are you worrying about. These clients need you as much as you need them. An employee will still cost more even with significant rate rises.

                      On the other hand your probably right we are all doomed.

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