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Well - that's really good news surely? I assumed that most of the contracts (I will be working as a .net developer) would fall under ir35. That means I can actually bank considerably more than I had prevoisly thought.
That would depend on whether you are using your own Limited Company or an Umbrella Company.
If you use your own Ltd, and are OUSIDE of IR35 you can expect to personally bank about 75-80% of your invoice amount[exc VAT].
However this is also subjectto amounts of expenses, tax thresholds and all sorts of other variables - get an accountant.
Well - that's really good news surely? I assumed that most of the contracts (I will be working as a .net developer) would fall under ir35. That means I can actually bank considerably more than I had prevoisly thought.
I also heard that, as a contractor, you need at least 2 clients - is that correct?
monkeyBoy32 - do your research as advised above, have no idea where you came up with all contracts fall under IR35, this is not true at all (the opposite is actually true) it all depends on the Ts&Cs of the contract , there are sample contracts on PCG websites.
Good luck
T&Cs are not the be-all and end-all - it's more about the actual working conditions than what the contract says.
I'd be surprised if any of the contracts are really within IR35 - have a read up, have a search, join the PCG or take out some kind of investigation insurance.
monkeyBoy32 - do your research as advised above, have no idea where you came up with all contracts fall under IR35, this is not true at all (the opposite is actually true) it all depends on the Ts&Cs of the contract , there are sample contracts on PCG websites.
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