No IR35 Delay at RBS

[northernladuk]

'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!

Walk in to AZ and I'll bet there are two or three people like this in eyesight at any point where ever you are.

[LondonManc]

I have to say that RBS are doing what is right for them.

If your role there is genuinely inside IR35 and would be outside only if you and they (in reality more likely the agency "advising" both of you) are prepared to close one eye and squint, then RBS carries a risk.

May not be financial for 2020/21 but is reputational and will put RBS firmly in the "to be investigated" pile in April 2021.

RBS (and most other banks) are very slowly rebuilding reputations and a large tax enquiry is not going to do that.

They would rather face the ire of contractors who they know are creatures who find it hard to work together and who they know will be prepared to take on a job which another contractor has turned down on moral principle. In other words, they are counting on contractors being desperate for work. Are they wrong?

It's time to move into the new reality of contracting.

True; I think the major issue with the new way of contracting is the restriction on mobility of contractors, i.e. the lack of travel and accommodation expense claim ability.

[timmyd]

RBS IR35 Decision - Your taxes not at work

I'm a Contractor at RBS, and a UK taxpayer. The point is that RBS is owned by the British taxpayer, and by declining to extend the IR35 reform, it is actively frustrating the Government's plan to help stabilise the job market, of which the IR35 extension was a key pillar: "Reforms to off-payroll working rules have been delayed by 12 months as part of the government's COVID-19 Economic Response Package" HMRC 18/03/2020.

I've spoken to some of the people involved with the decision at the bank - they are perversely convinced that the IR35 extension was for their benefit, and as they had already onboarded all contractors via Umbrellas, they couldn't reverse the policy. This is flawed on a whole bunch of levels, but it boils down to RBS not wanting to put in the effort to discern contract workers from workers who were taking advantage of the system. Baby / Bathwater / Out. As for the 'right thing to do' in this fragile time - another miss.

My solution is to require them to gross up my pay to cover the increased costs. So in addition to the reputational damage this is going to cause them, it costs them more £. Well played RBS.

[oliverson]

I'm a Contractor at RBS, and a UK taxpayer. The point is that RBS is owned by the British taxpayer, and by declining to extend the IR35 reform, it is actively frustrating the Government's plan to help stabilise the job market, of which the IR35 extension was a key pillar: "Reforms to off-payroll working rules have been delayed by 12 months as part of the government's COVID-19 Economic Response Package" HMRC 18/03/2020.

I've spoken to some of the people involved with the decision at the bank - they are perversely convinced that the IR35 extension was for their benefit, and as they had already onboarded all contractors via Umbrellas, they couldn't reverse the policy. This is flawed on a whole bunch of levels, but it boils down to RBS not wanting to put in the effort to discern contract workers from workers who were taking advantage of the system. Baby / Bathwater / Out. As for the 'right thing to do' in this fragile time - another miss.

My solution is to require them to gross up my pay to cover the increased costs. So in addition to the reputational damage this is going to cause them, it costs them more £. Well played RBS.

They're thick as pig tulip aren't they? Do they really think all these 'wronged' contractors are going to turn up for work on Monday and bust a gut for the cause? Ha ha ha. Laughable. Now, what will happen is that nothing will get done as morale will be on the floor and all efforts will be on securing an 'outside' contract. Eventually they'll leave and months will be wasted trying to find another mug who will fill the inside role. Rinse and repeat until the penny finally drops.

[BR14]

and where are all these 'other' gigs?
get a grip.

[oliverson]

and where are all these 'other' gigs?
get a grip.

Well, I have 3 good possibilities on the go and I'm not really looking, given I planned on taking a few months off to see how IR35 panned out. To be fair, 2 of those are with previous clients. I do believe that a strong client base and a good network of contacts are key to acquiring work in the current climate. If you're still surfing Jobserve pressing F5 every few minutes, you're 10 years too late.

[GhostofTarbera]

No IR35 Delay at RBS

They're thick as pig tulip aren't they? Do they really think all these 'wronged' contractors are going to turn up for work on Monday and bust a gut for the cause? Ha ha ha. Laughable. Now, what will happen is that nothing will get done as morale will be on the floor and all efforts will be on securing an 'outside' contract. Eventually they'll leave and months will be wasted trying to find another mug who will fill the inside role. Rinse and repeat until the penny finally drops.

Exactly this

My mate is a program manager at RBS his exact same workforce (contractor to permie) that regularly delivered projects on time every time (working crazy hours and weekends) now finish at 5pm, take holidays and sick leave and reported him to HR for suggesting the work a weekend


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[ladymuck]

Well, I have 3 good possibilities on the go and I'm not really looking, given I planned on taking a few months off to see how IR35 panned out. To be fair, 2 of those are with previous clients. I do believe that a strong client base and a good network of contacts are key to acquiring work in the current climate. If you're still surfing Jobserve pressing F5 every few minutes, you're 10 years too late.

I have to say, there is some truth in this. My network has an uncanny way of dropping something in my lap at just the right time. That said, they don't come through every time and even I have had to take a job at RBS for a few months. It's not a place I would rush back to and I (fortunately) wasn't there long enough to make enough of an impression that I'd be someone they'd call on again.

[Paralytic]

My solution is to require them to gross up my pay to cover the increased costs. So in addition to the reputational damage this is going to cause them, it costs them more £. Well played RBS.

How much extra have RBS agreed to increase your day rate by?