Hi,
I've just been told I'm deemed inside IR35 (as I thought I would be - it's easier and safer from a public sector perspective). Interestingly I've plugged my details into a couple of IR35 take home calculators and they come out with 2 different figures, about £1,000 per month apart (contractor uk being the lower figure and one I'm more inclined to follow).
IR35 Tax Calculator
I currently spend about £500 a month on travel and pay myself a low basic salary, given travel deductions will no longer be allowed, presumably if I stick to contracting within the public sector the only way to cover travel expenses would be to increase my basic rate of pay and pay out of my income after tax?
I've been offered a permie role which I'm tempted to take - from a IR35 tax perspective what are the issues with taking the job after 5th April? I'm trying to work out if I'm better off cutting loose now and leaving before the 5th or in a few weeks time...
I've just been told I'm deemed inside IR35 (as I thought I would be - it's easier and safer from a public sector perspective). Interestingly I've plugged my details into a couple of IR35 take home calculators and they come out with 2 different figures, about £1,000 per month apart (contractor uk being the lower figure and one I'm more inclined to follow).
IR35 Tax Calculator
I currently spend about £500 a month on travel and pay myself a low basic salary, given travel deductions will no longer be allowed, presumably if I stick to contracting within the public sector the only way to cover travel expenses would be to increase my basic rate of pay and pay out of my income after tax?
I've been offered a permie role which I'm tempted to take - from a IR35 tax perspective what are the issues with taking the job after 5th April? I'm trying to work out if I'm better off cutting loose now and leaving before the 5th or in a few weeks time...
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