- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
Reply to: need help- got a outside IR35 contract
Collapse
You are not logged in or you do not have permission to access this page. This could be due to one of several reasons:
- You are not logged in. If you are already registered, fill in the form below to log in, or follow the "Sign Up" link to register a new account.
- You may not have sufficient privileges to access this page. Are you trying to edit someone else's post, access administrative features or some other privileged system?
- If you are trying to post, the administrator may have disabled your account, or it may be awaiting activation.
Logging in...
Previously on "need help- got a outside IR35 contract"
Collapse
-
Originally posted by PCTNN View PostOne slightly positive thing about the OP's situation is that he hasn't taken the contract yet, so even if he takes the contract, switches to inside ir35 comes april, and gets investigated by hmrc, he'll have to backpay tax for only a few months.
There's still plenty out there who I'm sure will have to backpay tax for 2+ years and I can't wait for them to come here complaining and/or crying like toddlers.
Leave a comment:
-
One slightly positive thing about the OP's situation is that he hasn't taken the contract yet, so even if he takes the contract, switches to inside ir35 comes april, and gets investigated by hmrc, he'll have to backpay tax for only a few months.
There's still plenty out there who I'm sure will have to backpay tax for 2+ years and I can't wait for them to come here complaining and/or crying like toddlers.
Leave a comment:
-
Originally posted by truhislo View PostI am in a not so well paid perm at the moment and got a outside IR35 6 months contract role with a reasonable pay , with take home difference is 2000 GBP. The agency says after April when IR35 rules change, they will offer me 70-80 GBP per day extra to compensate which would keep take home same.
As its just few months away to April 2020 , I am re-thinking if its safe to switch. Can you please share your thoughts? Thanks
What have the agency said will change that will alter the IR35 status of the contract?
Something significant will have to change to push it inside - that is based on it not being so already.
A retrospective tax inspection will ask exactly that; if your contract is inside at the point of inspection but the previous contract for essentially the same gig was outside, what will have changed?
Leave a comment:
-
Originally posted by truhislo View PostI am in a not so well paid perm at the moment and got a outside IR35 6 months contract role with a reasonable pay , with take home difference is 2000 GBP. The agency says after April when IR35 rules change, they will offer me 70-80 GBP per day extra to compensate which would keep take home same.
As its just few months away to April 2020 , I am re-thinking if its safe to switch. Can you please share your thoughts? Thanks
Leave a comment:
-
Originally posted by eek View Postcome April that money suddenly isn't going to be available and your only option will be to accept the current rate but inside IR35 (if they don't bin you out right).
Leave a comment:
-
Originally posted by truhislo View Postsorry , it is a contract with a consultancy working for public sector end client. So for now, its a 6 month outside IR35 contract on paper. When I asked the agency about what's the plan after April, they replied the consultancy would change contract to inside IR35 with an increased day rate. This is the complete story
Anyway as you are working just stay in the role you have now - we are in a global pandemic.
Leave a comment:
-
Originally posted by truhislo View Postsorry , it is a contract with a consultancy working for public sector end client. So for now, its a 6 month outside IR35 contract on paper. When I asked the agency about what's the plan after April, they replied the consultancy would change contract to inside IR35 with an increased day rate. This is the complete story
Which means someone somewhere isn't telling you the truth as either they are lying now to pocket the £400 a week extra or come April that money suddenly isn't going to be available and your only option will be to accept the current rate but inside IR35 (if they don't bin you out right).
Leave a comment:
-
Originally posted by truhislo View Postsorry , it is a contract with a consultancy working for public sector end client. So for now, its a 6 month outside IR35 contract on paper. When I asked the agency about what's the plan after April, they replied the consultancy would change contract to inside IR35 with an increased day rate. This is the complete story
There is a reasonable chance the consultancy will simply drop you after the initial contract is over. If they do, you will have real problems getting the next contract, given the huge number of experienced people on the market right now. It's your decision, but short term gains at this point in time are a very bad idea - especially when there's a real chance the net result is that you will be much worse off in a year's time.
Your call, but it's not simply a case of earning a bit more money.
And never ever base your decisions on what the agency said. Their job is not to protect you, it's to maximise how much money they make.
Leave a comment:
-
Originally posted by eek View PostIt's not outside if the client think it's will be inside comes April
But you previously said that this contract was public sector where the IR35 rules have been in place for years.
So could you tell us the complete story as I'm fed up playing 20 questions
Leave a comment:
-
In the current uncertain climate we are in, its better to hold on to the perm job for as long as you can. You must be joking taking on a contract for extra money.
Leave a comment:
-
Originally posted by truhislo View PostI am in a not so well paid perm at the moment and got a outside IR35 6 months contract role with a reasonable pay , with take home difference is 2000 GBP. The agency says after April when IR35 rules change, they will offer me 70-80 GBP per day extra to compensate which would keep take home same.
As its just few months away to April 2020 , I am re-thinking if its safe to switch. Can you please share your thoughts? Thanks
But you previously said that this contract was public sector where the IR35 rules have been in place for years.
Originally posted by truhislo View PostI got a contract role( outside IR35 ) and remote work to start with. It is to work for a public sector client. For family reasons, I might have to work from abroad for a couple of months after starting the role. The contract does not mention about any location clauses. Please could you shed some light whether its legal to work from outside UK as long as I abide to data privacy clauses.Last edited by eek; 3 November 2020, 07:49.
Leave a comment:
-
need help- got a outside IR35 contract
I am in a not so well paid perm at the moment and got a outside IR35 6 months contract role with a reasonable pay , with take home difference is 2000 GBP. The agency says after April when IR35 rules change, they will offer me 70-80 GBP per day extra to compensate which would keep take home same.
As its just few months away to April 2020 , I am re-thinking if its safe to switch. Can you please share your thoughts? Thanks
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Leave a comment: