Small Companies Exemption

[WordIsBond]

OP, my business is very like yours. Can you get overseas clients? I've wound down all my UK clients. Turned down three UK contracts in the last two months, told them I'm not getting involved in the UK right now until they get themselves sorted on IR35 and stop the stupidity.

[eek]

It's starting to feel like there's some form of collusion going on, with the main banks all basically doing the same thing

Following what the very nervous person in a competitor doing isn't collusion - it's following the (best) practice set over there.

[ladymuck]

Following what the very nervous person in a competitor doing isn't collusion - it's following the (best) practice set over there.

That's the generous way of looking at it.

Whose to say that the banks haven't all had a chat and agreed a united approach?

Nah, that only worked for LIBOR

[eek]

That's the generous way of looking at it.

Whose to say that the banks haven't all had a chat and agreed a united approach?

Nah, that only worked for LIBOR

You won't find collusion and even if you did I suspect the people organising it will be HMRC's advisory teams.

[ladymuck]

You won't find collusion and even if you did I suspect the people organising it will be HMRC's advisory teams.

Probably not but me and my tin foil hat are enjoying it for now

[krytonsheep]

That's the generous way of looking at it.

Whose to say that the banks haven't all had a chat and agreed a united approach?

Nah, that only worked for LIBOR

I'm pretty sure there'll be a whatsapp group between the senior execs from the different banks.

Also 99% positive the blanket approach will be short term. They'll struggle with recruiting talent, and if they go down the outsourcing route, they'll make the KLF look like amateurs when it comes to burning through money with no output.

[technobabble]

Also 99% positive the blanket approach will be short term. They'll struggle with recruiting talent, and if they go down the outsourcing route.

I do wonder what happens if they struggle after April, if one bank breaks ranks this united approach might crumble.

[GhostofTarbera]

I do wonder what happens if they struggle after April, if one bank breaks ranks this united approach might crumble.

There are no major reg banking projects this year (open banking and PSD2 for example kept 10’s of 1000’s of contractors going in the last few years now finished

I don’t think they will struggle one bit

Except the 0.01% of niche skilled contractors


Sent from my iPhone using Contractor UK Forum

[simes]

I would love to think all this news would make HMRC sit up and make them consider the wisdom of their ways...

(/Joke)

[eek]

I would love to think all this news would make HMRC sit up and make them consider the wisdom of their ways...

(/Joke)

It's almost like HMRC know demand for contractors will be low (no Banking industry changes, Brexit).