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No IR35 Delay at RBS

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    #31
    Retro and no PSCs

    Originally posted by WavyDavy View Post
    No one has been deemed inside or outside IR35 at RBS. There have been no determinations. There is no retrospective risk. If there had been determinations, I would agree with you. But there is no risk, RBS has gone for PSC blanket ban so does not have the issue of people being deemed inside IR35
    I'm sorry but this is incorrect, I recently left RBS due to the risks of this and their blanket ban of PSCs.
    This was well discussed in this thread from page 25 onwards: https://www.contractoruk.com/forums/...d-i-go-25.html

    Firstly, they are not making determinations but making anyone who carries on - pay NI as if they are an "employee".
    Agencies are reporting back to HMRC your NI number, how much you were paid, NI deductions etc as well as when you or your PSC started providing services to that end-client. How much info you have been provided on this will depend on your agency - there have been large discrepancies on this.
    HMRC will see suddenly that you are paying a lot more NI and could retrospectively investigate as to why you were not paying it when previously engaged, albeit via your PSC. (Were you really outside before you went umbrella?)
    Did you finish as a Ltd Co on a Friday and come back via Umbrella on the Monday, same role etc?

    I agonised over this, but the facts and the evidence suggested carrying on from PSC to Umbrella at the same client introduces a level of risk that would prevent me sleeping at night. I roughly calculated that it would be 1K a month I'd owe HMRC for any retro investigation. Fortunately I was only there for 18 months, but I know others who have made the switch and have been there in excess of 10 or 15 years. So that's at least 150K HMRC could be asking for...
    Last edited by drob1984; 21 March 2020, 21:24.
    Leave: "To remove oneself from association with or participation in"

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      #32
      Originally posted by drob1984 View Post
      I'm sorry but this is incorrect, I recently left RBS due to the risks of this and their blanket ban of PSCs.
      This was well discussed in this thread from page 25 onwards: https://www.contractoruk.com/forums/...d-i-go-25.html

      Firstly, they are not making determinations but making anyone who carries on - pay NI as if they are an "employee".
      Agencies are reporting back to HMRC your NI number, how much you were paid, NI deductions etc as well as when you or your PSC started providing services to that end-client. How much info you have been provided on this will depend on your agency - there have been large discrepancies on this.
      HMRC will see suddenly that you are paying a lot more NI and could retrospectively investigate as to why you were not paying it when previously engaged, albeit via your PSC. (Were you really outside before you went umbrella?)
      Did you finish as a Ltd Co on a Friday and come back via Umbrella on the Monday, same role etc?

      I agonised over this, but the facts and the evidence suggested carrying on from PSC to Umbrella at the same client introduces a level of risk that would prevent me sleeping at night. I roughly calculated that it would be 1K a month I'd owe HMRC for any retro investigation. Fortunately I was only there for 18 months, but I know others who have made the switch and have been there in excess of 10 or 15 years. So that's at least 150K HMRC could be asking for...
      10 to 15 years!!!!!! Precisely these kind of people that should get ****ed by HMRC in my view.

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        #33
        Originally posted by oliverson View Post
        10 to 15 years!!!!!! Precisely these kind of people that should get ****ed by HMRC in my view.
        Cuddled ???


        Sent from my iPhone using Contractor UK Forum

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          #34
          Originally posted by oliverson View Post
          10 to 15 years!!!!!! Precisely these kind of people that should get ****ed by HMRC in my view.
          We've kind a said that ever since the public sector idea first popped up many years ago. If they could find a system that caught this type of thing andeft the rest of us alone we'd probably be all for it.
          'CUK forum personality of 2011 - Winner - Yes really!!!!

          Comment


            #35
            Originally posted by northernladuk View Post
            Are companies really doing full U turns. It's only been a couple of days. It's taken them 6 months to put this in place so I'm finding the list of U turns on the new site a bit difficult to believe to be honest.

            I expect some will but it seems awfully quick for large organisations to have switched back.
            I was thinking exactly this. Also with an unprecendented execution of disaster recovery for some as well no doubt.

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              #36
              Originally posted by oliverson View Post
              10 to 15 years!!!!!! Precisely these kind of people that should get ****ed by HMRC in my view.
              BOOM!!!! THIS! All day long. F****** it up for everyone else.

              Comment


                #37
                Originally posted by jammer View Post
                BOOM!!!! THIS! All day long. F****** it up for everyone else.
                This one guy ?

                Let’s get him


                Sent from my iPhone using Contractor UK Forum

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                  #38
                  Originally posted by GhostofTarbera View Post
                  This one guy ?

                  Let’s get him


                  Sent from my iPhone using Contractor UK Forum
                  I bet I could take a stab at who this guy is! Although I bet anybody who has ever contracted at RBS will say the same - it won't be the same guy, but we all know someone like that....

                  Comment


                    #39
                    Originally posted by ascender View Post
                    I bet I could take a stab at who this guy is! Although I bet anybody who has ever contracted at RBS will say the same - it won't be the same guy, but we all know someone like that....
                    I could name at least half a dozen!
                    If you don't have anything nice to say, say it sarcastically

                    Comment


                      #40
                      Originally posted by GhostofTarbera View Post
                      This one guy ?

                      Let’s get him


                      Sent from my iPhone using Contractor UK Forum
                      'One guy'? I personally know of two 'contractors' who had been at Virgin Money in Gosforth for 7 and 10 years respectively. They were both so 'part and parcel' of the client they both had allocated parking spaces. There were permies with less 'service' who couldnt get an allocated space at the same time!

                      Both of them were still at VM two years after I left although I gather they were finally told they had to 'move on' at that point.

                      When I was at Bank of America and they introduced the 48 weeks maximum stay then leave rule, the rumour was one contractor in the London office who'd been in situ for 10 years and given the news threatened to sue for employment benefits unless he was exempted from the new rule. Not sure if it was just a rumour though.

                      I know another guy who had been at Santander in Bootle continuously for 6+ years doing the exact same role. Im sure everyone could point to similar instances.
                      I couldn't give two fornicators! Yes, really!

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