24th Feb deadline for handing in your notice

[cojak]

If your agency's payroll runs on the 24th of the month.

As it says here: IR35 inspectors to probe public PSCs retrospectively :: Contractor UK

You've got 12 11 10 9 8 7 6 5 4 3 2 1 0 days to make up your mind whether or not to jump ship.

Too late, that ship has sailed...

[jamesbrown]

Worth a sticky...

[Lurker101]

If your agency's payroll runs on the 24th of the month.

As it says here: IR35 inspectors to probe public PSCs retrospectively :: Contractor UK

You've got 12 days to make up your mind whether or not to jump ship.

Good to know.

My agency is arranging for extra payments so that any invoices can be paid to my company prior to April 5th (at a fee). A further concern around that is the payment between the client and the agency and if that occurs after the regulation changes will that also raise a flag to HMRC or is it only the fee-payer payment that is affected?

[MrMarkyMark]

Good to know.

My agency is arranging for extra payments so that any invoices can be paid to my company prior to April 5th (at a fee). A further concern around that is the payment between the client and the agency and if that occurs after the regulation changes will that also raise a flag to HMRC or is it only the fee-payer payment that is affected?

Sounds far too risky to me.

YMMV.

[northernladuk]

Sounds far too risky to me.

YMMV.

Gotta give it to his agent. Making them pay extra to get their money with no extra risk to the agency is pretty smart

I personally think the payment between client and agency has nothing do to with this. We constantly bang on about their contract being nothing to do with the contractor so can't see why this is different.

I'd be interesting to know whether Lurker is staying on or just happy to fudge his payments a bit and carry on.

[Lurker101]

Gotta give it to his agent. Making them pay extra to get their money with no extra risk to the agency is pretty smart

I personally think the payment between client and agency has nothing do to with this. We constantly bang on about their contract being nothing to do with the contractor so can't see why this is different.

I'd be interesting to know whether Lurker is staying on or just happy to fudge his payments a bit and carry on.

It's the first I had heard of the charge on extra payments and it is a business decision I will have to take (sharp practice from the agency as you said). My current contract expires 31st March and I won't be in any contract through the change in regulations so as long as the payments come through and are not affected in any way I am reasonably happy. If they do want a renewal then it will be for a totally different project delivered under a different contract. I also won't be accepting said contract if I am deemed inside IR35 as there is absolutely no point in trading as a Ltd in that situation.

[pictavia]

I also won't be accepting said contract if I am deemed inside IR35 as there is absolutely no point in trading as a Ltd in that situation.

Good point, I wonder how many will close their PSCs if the only work available in inside IR35. Ok, there will be outside IR35 private sector contracts but for how long?

I'm worried that completing my contract (finished in March) after being offered an extension inside IR35 could be considered as accepting the deemed employment assessment unless there is a genuine change to working practices. Walking out early would likely compromise referencing and may produce a bill from the agency for losses but that is a risk I may need to take.

At times, I feel I've been sleepwalking into a trap, taking that last extension was a bad move.

[northernladuk]

Good point, I wonder how many will close their PSCs if the only work available in inside IR35. Ok, there will be outside IR35 private sector contracts but for how long?

I'm worried that completing my contract (finished in March) after being offered an extension inside IR35 could be considered as accepting the deemed employment assessment unless there is a genuine change to working practices. Walking out early would likely compromise referencing and may produce a bill from the agency for losses but that is a risk I may need to take.

At times, I feel I've been sleepwalking into a trap, taking that last extension was a bad move.

Very few IMO. There are some new rules about shutting down LTD's and not being able to work in the same trade for 2 years after. This mentality that there is nothing out there beyond PS work is pretty poor IMO. It's still a short term gig like any other so a knee jerk reaction to shut the company down is pretty short sighted.

[MrMarkyMark]

Very few IMO. There are some new rules about shutting down LTD's and not being able to work in the same trade for 2 years after. This mentality that there is nothing out there beyond PS work is pretty poor IMO. It's still a short term gig like any other so a knee jerk reaction to shut the company down is pretty short sighted.

Depends.

There are plenty out there, this is a sad fact.

I know I have had the misfortune to have worked with a few

[rob s]

Regarding the 24th, is there any fear that even that is leaving it too late as the client may assess you whilst you're working your notice and give your details to HMRC thereby making you more prominently on the radar than someone who slipped away before the assessment took place?