CMV: IR35 Chapter 8 is just a deterrent

[andymalory]

The worst case is you have to pay the tax back (so if you saved that money, then you have it).

This is the key to your initial question. I would think most contractors are not simply saving that money (the amount that could be at risk) and so it would mean liquidating other assets or otherwise obtaining the funds that you no longer have.

[northernladuk]

This is the key to your initial question. I would think most contractors are not simply saving that money (the amount that could be at risk) and so it would mean liquidating other assets or otherwise obtaining the funds that you no longer have.

Just a point Andy, that statement you've quoted is actually wrong. It's money owed, up to 100% penalty and interest.

[soyoh30298]

Just a point Andy, that statement you've quoted is actually wrong. It's money owed, up to 100% penalty and interest.

Totally, for 100% back the stars should align in a way to make you the unluckiest man in the world.
Assuming the contract at least mentions substitution and no D&C, the most likely scenario is "I'm sorry Mr. Taxman" and the case is settled.
Now obviously for anyone reading, NLA, it's speculation. But there is a reason QDOS has the one of the highest profits margin in the whole of the UK.