Doomed

[swamp]

It will only affect banks and charities as they can't register for VAT.

I thought banks were already using VAT registered subsidiaries to hire contractors.

As for charities, at least this will get rid of chuggers.

[DimPrawn]

It will only affect banks and charities as they can't register for VAT.

I thought banks were already using VAT registered subsidiaries to hire contractors.

As for charities, at least this will get rid of chuggers.

In which case, where does the:

Recruitment agencies calculate that the extra VAT will pile £400 million on to temp wage bills

Come from?

[swamp]

In which case, where does the:

Recruitment agencies calculate that the extra VAT will pile £400 million on to temp wage bills

Come from?

Dunno. But my back of the fag packet, ball-park estimate is:

10,000 (contractors in City) @ 500 per day for 220 days a year = £165m

165m + chuggers + other stuff = 400m ?

Sounds reasonable.