Reply to: tax enquiry insurance

[malvolio]

Well sticking with this FLC crapola, dosen't really smell like delivering value. I personally wouldn't give them 10 pence if they were begging in the street. I heard some rumours during covid and i'm struggling to work out how they are still in business. Yes, they have customers, but for how long? I had a quick look at their webtulipe for the first time in a very long time, not much value there either.

They lost their way a while ago. They still have a couple of good people who are listened to in Westminster, but they are in survival mode. Most of the announcements are about keeping up the pretence they are still relevant.

As for the FTC, it may just have worked 12 years ago when it was drafted, it won't fly now in any shape or form. Just like Starmer and Reeves, they are issuing statements of intent with no idea how to deliver them.

[courtg9000]

I spotted that IPSE is still proposing this, no idea why. As if things aren't complicated enough!

As a long term PCG/IPSE customer, I do wonder if they're struggling with offerings for contractors and umbrella workers; it seems to me that their focus now is on self-employed freelancers.

I retain my IPSE subscription for run-off insurance; I wonder how many of us are in this category and will be unsubscribing in the next couple of years.

Well sticking with this FLC crapola, dosen't really smell like delivering value. I personally wouldn't give them 10 pence if they were begging in the street. I heard some rumours during covid and i'm struggling to work out how they are still in business. Yes, they have customers, but for how long? I had a quick look at their webtulipe for the first time in a very long time, not much value there either.

[Protagoras]

Crap idea then, even worse idea now..

I spotted that IPSE is still proposing this, no idea why. As if things aren't complicated enough!

As a long term PCG/IPSE customer, I do wonder if they're struggling with offerings for contractors and umbrella workers; it seems to me that their focus now is on self-employed freelancers.

I retain my IPSE subscription for run-off insurance; I wonder how many of us are in this category and will be unsubscribing in the next couple of years.

[eek]

I suspect FLC has quietly been forgotten.

If only https://www.contractoruk.com/news/00...actors_be.html

Crap idea then, even worse idea now..

[jamesbrown]

Good God, who thinks these things up.

IPSE

[Keanu2020]

oh the FLC hasn’t been forgotten - I’m
expecting it to appear in the next Labour Government as a fix for self employment - basically it will make you PAYE but allow some money to be kept untaxed for use during periods where you aren’t working.

Good God, who thinks these things up.

[jamesbrown]

All I'd say here is don't buy it from your accountant. Whenever I've heard any accountants talk about offering this to their clients, they chuckle about the fact they add a huge markup on the premium itself, then if ever HMRC query anything, the accountant can get paid £££ from the insurer for dealing with it.

Fear sells, and it's an easy way your accountant can cream extra cash from you without you realising.

If you're going to get insurance like this, make sure it benefits you, not your accountant.

Apart from anything else, this is one way to guarantee an MSCP/MSC relationship under ITEPA Ch. 9, so if you know of any accountants doing that, I despair.

[Maslins]

All I'd say here is don't buy it from your accountant. Whenever I've heard any accountants talk about offering this to their clients, they chuckle about the fact they add a huge markup on the premium itself, then if ever HMRC query anything, the accountant can get paid £££ from the insurer for dealing with it.

Fear sells, and it's an easy way your accountant can cream extra cash from you without you realising.

If you're going to get insurance like this, make sure it benefits you, not your accountant.

[jamesbrown]

oh the FLC hasn’t been forgotten - I’m
expecting it to appear in the next Labour Government as a fix for self employment - basically it will make you PAYE but allow some money to be kept untaxed for use during periods where you aren’t working.

I mean, it was the thought baby of Labour activist and IPSE founding member, Philip Ross. But, if they do, it'll be an even fuglier version of IPSE's original proposal. As I said at the time, it was a moronic idea, akin to pinning a "kick me" on your back.

[jamesbrown]

The representation at parliamentary committees is always strong

I agree that Andy Chamberlain is always very good in PCs.

[eek]

I suspect FLC has quietly been forgotten.

oh the FLC hasn’t been forgotten - I’m
expecting it to appear in the next Labour Government as a fix for self employment - basically it will make you PAYE but allow some money to be kept untaxed for use during periods where you aren’t working.

[malvolio]

Did you accidently transpose the words criticism and organisation?

IPSE always oversold their lobbying "successes", so it's fair game to criticise their consistent lobbying failures (that is, the failure to even identify the correct things to lobby over and a plausible strategy to address them). But the real failure was buying into political lobbying as a workable strategy

Again, they're in a perilous spot now - look at their recent financials - and it isn't purely related to the pandemic and IR35, rather a failure to be relevant to the core membership paying those Plus membership fees.

I'm not supporting them, and resigned my membership some time ago. The fact remains that regardless of the politics, their protection is about the best out there for the money.


The finances are terrible now but that is as much from Chapter 10 changes and the impact that has had as anything.

[Protagoras]

In the present environment, worth knowing what their cover is for MSC legislation related enquiries?

IPSE - https://www.ipse.co.uk/member-benefi...anies-faq.html

Again, they're in a perilous spot now - look at their recent financials - and it isn't purely related to the pandemic and IR35, rather a failure to be relevant to the core membership paying those Plus membership fees.

Which is a shame, I think. The representation at parliamentary committees is always strong and they’re probably the most persistent lobbyist for those impacted by off-payroll.

[jamesbrown]

Nevertheless, a pointless criticism of a what was a different organisation with different aims.

Did you accidently transpose the words criticism and organisation?

IPSE always oversold their lobbying "successes", so it's fair game to criticise their consistent lobbying failures (that is, the failure to even identify the correct things to lobby over and a plausible strategy to address them). But the real failure was buying into political lobbying as a workable strategy

Again, they're in a perilous spot now - look at their recent financials - and it isn't purely related to the pandemic and IR35, rather a failure to be relevant to the core membership paying those Plus membership fees.

[jamesbrown]

I suspect FLC has quietly been forgotten.

It's worth an incredulous chuckle every now and then.