- 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!
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 "Advice on move from permie to contracting?"
Collapse
-
Originally posted by Fraidycat View PostBut exactly who will HMRC go after first, i.e. who gets the underpaid tax demand first?
The client or the agency?
Leave a comment:
-
Originally posted by eek View PostFrom April 2021 the agency / end client - it won't be the contractor unless the agency can demonstrate deliberate lies by the worker...
The client or the agency?
For the case when any outside determination was proved to be incorrect.Last edited by Fraidycat; 27 December 2020, 14:54.
Leave a comment:
-
Originally posted by Fraidycat View PostI never said who is responsible for deducting tax and NICs.
I said who is liable if any outside IR35 determination is successfully challenged by HMRC?
Leave a comment:
-
Originally posted by ladymuck View PostThe fee payer is responsible for deducting tax and NI, that is not always the client. In most cases it'll be the agency. Ultimately the client is liable but only if entities further down the chain don't do their jobs properly.
I never said who is responsible for deducting tax and NICs.
I said who is liable if any outside IR35 determination is successfully challenged by HMRC?Last edited by Fraidycat; 27 December 2020, 13:40.
Leave a comment:
-
Originally posted by ladymuck View PostThe fee payer is responsible for deducting tax and NI, that is not always the client. In most cases it'll be the agency. Ultimately the client is liable but only if entities further down the chain don't do their jobs properly.
Yes tax on an inside £800 p/day gig will be high but what's bad about that if you've never had a contract job before? Outside roles are going to be hard to find until the market corrects itself so your advice is pretty rubbish guidance for a first time contractor.
And a new contractor isn't going to need £100,000 + to live on as they won't got used to years of high living so will probably just massively increase their pension contributions while still enjoying a better lifestyle.
Leave a comment:
-
Originally posted by Fraidycat View PostExcept the clients are now liable for the tax not the contractor.
Do you really want work a £800 a day inside contract? Knowing you will pay around £90K a year to the tax man.
Find a £600 outside contract instead, even £550, there will probably be more of them and you are more likely to get renewed as you don't cost the client that much more than a high end permie.
Yes tax on an inside £800 p/day gig will be high but what's bad about that if you've never had a contract job before? Outside roles are going to be hard to find until the market corrects itself so your advice is pretty rubbish guidance for a first time contractor.
Leave a comment:
-
Originally posted by LondonManc View PostI think the opposite of trying to get an outside IR35 contract. If you've never contracted before and can get good inside rates, you'll never be looking back on the "good old outside days" and you'll never fear an investigation.
Do you really want work a £800 a day inside contract? Knowing you will pay around £90K a year to the tax man.
Find a £600 outside contract instead, even £550, there will probably be more of them and you are more likely to get renewed as you don't cost the client that much more than a high end permie.Last edited by Fraidycat; 26 December 2020, 07:56.
Leave a comment:
-
Originally posted by jamesbrown View PostSounds like a good plan. As for technologies, take a look at the jobs boards, but I'd say it's as much about disciplines as technologies - for example, there's good demand for data science/statistics/analytics/AI/machine learning/deep learning, but technology stacks are secondary to the mathematical foundations. Everyone will have an opinion on in-demand skills though. Finding a niche is a good idea if you want a long career in contracting - contracting for generalists has been on the decline for some time and I don't see that ending, only accelerating.
Leave a comment:
-
I think the opposite of trying to get an outside IR35 contract. If you've never contracted before and can get good inside rates, you'll never be looking back on the "good old outside days" and you'll never fear an investigation.
Leave a comment:
-
Originally posted by skyhawk172 View PostAppreciate the honest response! Good to know. I think I'll probably stay where I am till the summer at least, keep an eye on the market, skill up in some in-demand technologies (at my current employer's expense), take a career break (when/if the virus ever settles down) then after that have another look at contracting.
Any idea of what technologies have a (more) favourable supply/demand for contracting right now?
Leave a comment:
-
Originally posted by jamesbrown View PostAll of it, specifically. I know that sounds a bit harsh, but your specific technical skills are pretty common (there will be many benched right now with those exact skills and many years of contracting experience) and those soft skills don't really count for much when landing a contract. They might help in retaining a contract. OTOH, there's a good chance your lack of contracting experience will mean your CV doesn't even get past the agent. You might get lucky, but everything is working against you.
Any idea of what technologies have a (more) favourable supply/demand for contracting right now?
Originally posted by northernladuk View PostYes it will. That's why I wrote it. It makes you (quite rightly) look like a risk. It looks like you do 6 months get the boot and can't find work for 6 months. They won't fall for the travelling excuse.
If they do then it's still a risk as they want someone to go in and finish the gig. If its 6 months+ then it looks like you are going to bail so they will pass you over..
So yes. It will put them off.
I can see this thread turning in to one of those where we sya yeah yeah you are right just go for it. OP doesn't like the answers so will keep pushing till they get the one the want.
But as I said above, it's looking like it wouldn't be a good move right now.
Leave a comment:
-
Originally posted by skyhawk172 View PostAlso, curious about this - is it as bad as this? Will that put off agencies/clients?
If they do then it's still a risk as they want someone to go in and finish the gig. If its 6 months+ then it looks like you are going to bail so they will pass you over..
So yes. It will put them off.
I can see this thread turning in to one of those where we sya yeah yeah you are right just go for it. OP doesn't like the answers so will keep pushing till they get the one the want.
Leave a comment:
-
Originally posted by skyhawk172 View PostWhat are you referring to specifically here? Are there more contractors with those tech skills than there are contracts? Or are you referring to the soft skills bit of what I said?
Leave a comment:
-
Thanks for all the replies - some good interesting info on this thread
Technology area at the moment is JavaScript/TypeScript/Node.js/AWS/CDK, AWS Certified, but I also have a lot of Java experience. As well as development/design/banging out code, I'd say I also have a lot to bring to the table in terms of leadership, mentoring, communication, helping product people define/split/sequence work to maximise business value.
You and pretty much every other jobless IT contractor out there. Stick with what you have a count yourself lucky, imho.
What's the best way to keep your ear to the ground in terms of opportunities generally? ie. you can see contracts being advertised and get an idea of what's going on in the demand side, but it's hard to see what the supply of skills is like. For example, you could see 20 Java contracts and 5 C# contracts advertised but if there are 50 unemployed Java contractors out there and only 3 C# then that paints a very different picture
The chances of you getting gauranteed 6 months on 6 months off outside IR35 gigs? None whatsoever. Even if you do the first on and off will destroy your CV. No one is going to want a contractor with one 6 monther and a long break. Looks more like you can't cut it and your will be a risk to the agency so they won't touch you.
Leave a comment:
- 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: