Resource solution

[TwoWolves]

When I started out contracting for investment banks it was an elite pursuit. My interview was with a panel of five asking technical questions round-robin for 40 minutes.

I answered every question effortlessly and was offered the job on the way to the lifts; they wanted an expert.

Outside contracts will only be available to the cream now like it used to be.

[BrilloPad]

Outside contracts will only be available to the cream now like it used to be.

The number of people who just don't get what is going on staggers me....

[eek]

When I started out contracting for investment banks it was an elite pursuit. My interview was with a panel of five asking technical questions round-robin for 40 minutes.

I answered every question effortlessly and was offered the job on the way to the lifts; they wanted an expert.

Outside contracts will only be available to the cream now like it used to be.

Nope risk adverse management will lead to global blanket bans.

The exceptions won't be experts, it will be the odd company willing to take greater risk...

Now there may be a lot of those odd companies but they won't be the merchant or any banks...

[Amanensia]

Nope risk adverse management will lead to global blanket bans.

The exceptions won't be experts, it will be the odd company willing to take greater risk...

Now there may be a lot of those odd companies but they won't be the merchant or any banks...

One of the "Big Four" banks has just made some exceptions.

[craigy1874]

One of the "Big Four" banks has just made some exceptions.

Please elaborate

[Amanensia]

Very specialist roles on the insurance side. It's not a sign of a dam breaking by any means but it does show that for highly non-generic skills some discretion is likely to be used. I did expect this to happen, but I thought it'd be six months or a year down the road.

[eek]

Very specialist roles on the insurance side. It's not a sign of a dam breaking by any means but it does show that for highly non-generic skills some discretion is likely to be used. I did expect this to happen, but I thought it'd be six months or a year down the road.

It's actually the opposite - it's more we can't lose Dave and Joe so an exception has to be made and it is a subsidiary where different rules will apply. Heck even HMRC ended up doing the same...

Now were Dave or Joe to leave I suspect things may be very different.

[Amanensia]

Most of the Daves and Joes are going imminently - to another client in the same sector who is recruiting heavily in this niche and placing everyone outside IR35.

[TwoWolves]

The number of people who just don't get what is going on staggers me....

Oh I get it alright. More recent regulatory requirements placed on financial institutions are making it very hard for banks to be flexible, the market is going to shrink - hard. In time I do think we will see some provisions but I think it's going to be near impossible to actually make a living as a contractor in the ling-term. That's the burn.

[BrilloPad]

Oh I get it alright. More recent regulatory requirements placed on financial institutions are making it very hard for banks to be flexible, the market is going to shrink - hard. In time I do think we will see some provisions but I think it's going to be near impossible to actually make a living as a contractor in the ling-term. That's the burn.

HMRC are going to make it very difficult for medium sized/large companies to take on contractors. Agents, accountants, insurance providers and others will suffer.

Sadly HMRC want to determine what tax people pay without reference to rules.

As Phil says - Phil Manley on LinkedIn: Im beginning to feel like i wasted years of my life studying tax legislation | 40 comments : -
Im beginning to feel like i wasted years of my life studying tax legislation. Primarily as HMRC just ignore it all anyway and retrospectively change àny parts they consider to be inconvenient to their 'max tax' policy.