Next steps on IR35 moot - it's a PSC ban that's the problem

[oliverson]

I hope you are right!

[GhostofTarbera]

Every few hours there's now a story about HMRC and The Treasury being pressured to delay or re-think IR35.

Give many large client organisations (mine included - RBS) are side-stepping the IR35 debate by forcing a ban on PSCs, does anyone here thing that the edge-case likelihood of a delay/repeal of IR35 will make any difference at all?

Isn't the damage done? Does anyone see companies rethinking their PSC bans in the event of a IR35 miracle?

Have RBS announced the 20% rate cut yet across the board, heard from chap at the top was happening before April ? Hopefully they will see sense


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[WavyDavy]

Have RBS announced the 20% rate cut yet across the board, heard from chap at the top was happening before April ? Hopefully they will see sense


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They did 10% over the summer at renewal time.

A 20% cut will really twist the knife. I suggest that won't happen given the panic on good people leaving in the past two months due to IR35

[dsc]

The only reason they aren't engaging PSC's is because of IR35. If it gets canned completely I think the market will return 'very' quickly. There's no reason for it not to. It would have the least friction going forward.

Why would the government can IR35 altogether? it will most likely bring them loads of extra cash just from NICs alone and the industry will most likely cope one way or another. I'm sure that at the end of the year this new legislation will get described as a total success and they'll just leave it in place forever.

[wattaj]

They did 10% over the summer at renewal time.

A 20% cut will really twist the knife. I suggest that won't happen given the panic on good people leaving in the past two months due to IR35

Never underestimate the ability, and the willingness, of RBS to tulip on its own shoes.

[GhostofTarbera]

Never underestimate the ability, and the willingness, of RBS to tulip on its own shoes.

RBS see 95% on contractors roll over and accept umbrella companies on effectively 30% cuts in rates (10% in summer also) - they must be thinking - how low can we go


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[Lockhouse]

RBS see 95% on contractors roll over and accept umbrella companies on effectively 30% cuts in rates (10% in summer also) - they must be thinking - how low can we go


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I left RBS after they started bacon slicing my rate. Stuff 'em.

[Paralytic]

They did 10% over the summer at renewal time.

A 20% cut will really twist the knife. I suggest that won't happen given the panic on good people leaving in the past two months due to IR35

In my view of the RBS world, neither of these happened or is happening. Its such a big org, I suspect each business unit is applying its own policies (within the wider no PSC one).

[BoredBloke]

They did 10% over the summer at renewal time.

A 20% cut will really twist the knife. I suggest that won't happen given the panic on good people leaving in the past two months due to IR35

I didn't get that cut and didn't hear anybody grumbling about it - where in RBS are you?

[Paralytic]

I didn't get that cut and didn't hear anybody grumbling about it - where in RBS are you?

Sounds like at least one area within RBS took the opportunity to slash rates and told their contractors it was an across-the-board policy.

Or (and I'd not immediately reject this), some contractors took what was happening to them and assumed it was an across-the-board policy as a defensive mechanism.