Reply to: Barclays forcing all contractors to go PAYE by February 2020

[eek]

Working "Inside IR35" and "Seen as a business" that not a classic oxymoron?

qh

Nope - as of now it's just a difference of opinion

You see yourself as a business sadly the client sees you as an employee.

[quackhandle]

Hi TygerTyger,

Going PAYE is just one of the ways to get paid after April 2020. You can remain working through your ltd company as an inside-IR35 contractor (if the agency/client permits it), in which case the fee payer will pay you deemed employment payments.

It's really down to the preference of the contractors. If they wish to remain being seen as a 'business', then stick with inside-IR35 working.


Thanks

Zeeshan

Working "Inside IR35" and "Seen as a business" that not a classic oxymoron?

qh

[DolanContractorGroup]

Going PAYE is not the same as inside IR35 is it? I’d be happier with inside as I don’t have a heap of expenses and would offset tax liability by maximising employers pension contribution

I’m in a gig currently and offered the PAYE option to take me to Q1 next year. Wondering if there are sensible steps to take to stay below the radar...eg Current contract is with agency X and considered to switch PAYE contract to agency to agency Y. Also any value getting contract reviewed by independent/ Qdos or is this meaningless if PAYE?

Hi TygerTyger,

Going PAYE is just one of the ways to get paid after April 2020. You can remain working through your ltd company as an inside-IR35 contractor (if the agency/client permits it), in which case the fee payer will pay you deemed employment payments.

It's really down to the preference of the contractors. If they wish to remain being seen as a 'business', then stick with inside-IR35 working.


Thanks

Zeeshan

[PCTNN]

£800 is the cut down rate !!!

£350 for flights (not the best timing flights, as they are £500+ each week even if booked months in advance) only leaves very basic hotel £80 a night + food + transport to airports )

They can drive rather than fly.

They can try to find gigs closer to home.

They can think about relocating to a certain area if all/most of their gigs are in such area.

What I'm seeing in general is a lot of contractors just making excuses and complaining.

[TygerTyger]

No confusion just means all contracts will be inside ir35 and no increase in daily rate by what you stated.

Going PAYE is not the same as inside IR35 is it? I’d be happier with inside as I don’t have a heap of expenses and would offset tax liability by maximising employers pension contribution

I’m in a gig currently and offered the PAYE option to take me to Q1 next year. Wondering if there are sensible steps to take to stay below the radar...eg Current contract is with agency X and considered to switch PAYE contract to agency to agency Y. Also any value getting contract reviewed by independent/ Qdos or is this meaningless if PAYE?

[sal]

Don't think that's true. Post the other day about a guy having to work till 6 and not one person on the read says they'd do that.

I would stay after 6 if there is work do be completed that can't wait for the next day and have done so numerous times, without moaning about "overtime".

I wouldn't stay until/after 6, just because the permies do so. If some manager at ClientCo has a problem with that, they are free to terminate my contract or not to sign my timsheets (which will have the same end result)

[ContractorHardman]

as someone said before if you have a role sit tight and wait it out, or sit at home and wait it out

Or go travelling to a few South East Asia countries that are cheap as chips and wait it out.

[Amanensia]

Don't think that's true. Post the other day about a guy having to work till 6 and not one person on the read says they'd do that.

I did! Got rather mocked though...

[northernladuk]

If you think about it we are similar to MPs in that we often work far from home and have to do long hours. They never pay any tax on their expenses though, because they are special.

Don't think that's true. Post the other day about a guy having to work till 6 and not one person on the read says they'd do that.

[Peoplesoft bloke]

If you think about it we are similar to MPs in that we often work far from home and have to do long hours. They never pay any tax on their expenses though, because they are special.

[GhostofTarbera]

In times like these we all need to be resourceful and start cutting back. I’m sure the £800pw can be reduced.

Cut back on the luxuries, save the money, that will build the warchest, that’ll help when looking for a role closer to home.

£800 is the cut down rate !!!

£350 for flights (not the best timing flights, as they are £500+ each week even if booked months in advance) only leaves very basic hotel £80 a night + food + transport to airports )




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[BigJohn]

Not all, a few chaps I know that commute to London have said no as no expenses (and it costs them £800 a week) that would now need to come from net income, they would end up on about £19 an hour from a £500 day rate.


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In times like these we all need to be resourceful and start cutting back. I’m sure the £800pw can be reduced.

Cut back on the luxuries, save the money, that will build the warchest, that’ll help when looking for a role closer to home.

[cosmic]

Not all, a few chaps I know that commute to London have said no as no expenses (and it costs them £800 a week) that would now need to come from net income, they would end up on about £19 an hour from a £500 day rate.


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Ouch. It's better to be perm! For me inside is fine but within local area (west mids). Anywhere else would need to be out, No way would I take that kind of hit.

[GhostofTarbera]

I think most people will stay put in the role they have (lack of war chest), there really is nowhere else to go. Within financial services the die is cast, pretty much all clients are placing contractors inside and as we know the market in general is utterly terrible, there is a genuine lack of roles out there and its not going to get any better in the next 6 months - as someone said before if you have a role sit tight and wait it out, or sit at home and wait it out

Not all, a few chaps I know that commute to London have said no as no expenses (and it costs them £800 a week) that would now need to come from net income, they would end up on about £19 an hour from a £500 day rate.


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[Signo_cypher]

The confusion is the ever changing decision, is what they mean I would guess. No LTD contractors past sept, now it’s jan. Go perm or leave now it’s go perm, leave or umbrella. Wrapped up in tulipty/lack of communication.


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I think most people will stay put in the role they have (lack of war chest), there really is nowhere else to go. Within financial services the die is cast, pretty much all clients are placing contractors inside and as we know the market in general is utterly terrible, there is a genuine lack of roles out there and its not going to get any better in the next 6 months - as someone said before if you have a role sit tight and wait it out, or sit at home and wait it out