For those who have been offered inside IR35 extensions starting from April 2020. Once you are offered around %20 rate increase, are you asking your end client or agency about your employee rights? Disguised or not you will become an employee, you will no more have a Consultancy business and become an extension to the flexible workforce with no security. Well if you accept this I suggest you better considering an employee.
I am really frustrated to see not a significant push back from contractor community for such blanket decisions from end clients! I would like to notify you about these Enterprises are just measuring your reactions if you were offered inside IR35 after April. If all of you just also start asking your employee rights in such a change. You will then see your end client holding actual meetings about this and stoping blanket decisions and coming up with better plans.
Because at the moment HMRC is threatening enterprises and the enterprises are just looking for an easy way out. And offering %20 more rate is only silly.
On the other hand don't forget you are no more in control of your own cash flow and always taxed for all your personal income at maximum versus having the control over how much you will transfer to your private account every fiscal year and saving your business funds to give long breaks or to invest in new ideas and projects for your company. And I guess no more deductions from your internal business investments.
Why because at the end you just receive a PAYE!
So as a result my conclusion is inside IR35 = +%20 is wrong. In other words with +%20 you are still losing! Think about this. I hope I made myself clear.
I am really frustrated to see not a significant push back from contractor community for such blanket decisions from end clients! I would like to notify you about these Enterprises are just measuring your reactions if you were offered inside IR35 after April. If all of you just also start asking your employee rights in such a change. You will then see your end client holding actual meetings about this and stoping blanket decisions and coming up with better plans.
Because at the moment HMRC is threatening enterprises and the enterprises are just looking for an easy way out. And offering %20 more rate is only silly.
On the other hand don't forget you are no more in control of your own cash flow and always taxed for all your personal income at maximum versus having the control over how much you will transfer to your private account every fiscal year and saving your business funds to give long breaks or to invest in new ideas and projects for your company. And I guess no more deductions from your internal business investments.
Why because at the end you just receive a PAYE!
So as a result my conclusion is inside IR35 = +%20 is wrong. In other words with +%20 you are still losing! Think about this. I hope I made myself clear.
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