Reply to: Interesting Torygraph article

[Mordac]

Contractors working for public sector see income slashed by up to 30pc in wake of tax crackdown

In short contractors working in the public sector have lost 30% of earnings and their is a brain drain.

30% was about what we reckoned, wasn't it? And didn't we all predict that contractors would leave the public sector in droves? Oh, and in case you hadn't noticed, public sector rates are being cut. You couldn't make this tulip up...

[FrontEnder]

Interesting comments indeed

[Fred Bloggs]

She only needs another 3000% to afford a house then....

You reckon I haven't aldready bought her one then? I will be buying her a second one when she settles in the new job.

[psychocandy]

Or as happened in PS client I started in post-April:-

1. Declare all contractors "inside" and tell them rates are not rising.
2. Most contractors leave because of rate, inability to claim expenses, and possibility of retrospective action.
3. Client thinks "bugger we're screwed no".
4. Client raises rates by 35% to account for contractors additional tax liability.
5. Contractors (like me) say ok then.

Admitedly, its hassle using an umbrella now but my take home is roughly the same as it was before. Of course, client has to pay 35% more which is then taken off me in tax.

[OwlHoot]

Try pressing the 'show comments' button...

Crikey, wonders will never cease. The comments actually look sensible and apparently well informed!

Unlike some Daily Mail commenters, especially (saddest of all) the gibbering baboons who seems to think their input on physics articles (Black Holes and suchlike) adds any value.

[PurpleGorilla]

Try pressing the 'show comments' button...

[emoji13]

[barrydidit]

Huh? AFAIK the Telegraph, unlike the Daily Mail, don't host reader comment sections below articles, and I could see none below that article.

(That's one reason they are losing money hand over fist.)

Try pressing the 'show comments' button...

[OwlHoot]

Some good comments at the bottom of the article.

Huh? AFAIK the Telegraph, unlike the Daily Mail, don't host reader comment sections below articles, and I could see none below that article.

(That's one reason they are losing money hand over fist.)

[PurpleGorilla]

She only needs another 3000% to afford a house then....

Don't be silly. Maybe a flat, no way a house.

[BrilloPad]

Every cloud etc........

My Daughter is very happy. She has just been offered a new job in the civil service and landed a near 40% pay rise. So, it isn't all bad.

She only needs another 3000% to afford a house then....

[Fred Bloggs]

Contractors working for public sector see income slashed by up to 30pc in wake of tax crackdown

In short contractors working in the public sector have lost 30% of earnings and their is a brain drain.

Every cloud etc........

My Daughter is very happy. She has just been offered a new job in the civil service and landed a near 40% pay rise. So, it isn't all bad.

[PurpleGorilla]

Contractors working for public sector see income slashed by up to 30pc in wake of tax crackdown

In short contractors working in the public sector have lost 30% of earnings and their is a brain drain.

Some good comments at the bottom of the article.

[bobspud]

Every cloud has a silver lining. Put rates up 30% to operate inside. Challenge the tax paid after the contract and win a bonus from HMRC.

Ssssshhh!

[scooterscot]

In short contractors working in the public sector have lost 30% of earnings and their is a brain drain.

Every cloud has a silver lining. Put rates up 30% to operate inside. Challenge the tax paid after the contract and win a bonus from HMRC.

[bobspud]

Seems a few departments are self harming to prove a point.

I really don't know what that point is but I'm sure it will make itself known soon...

Plenty of outside work around elsewhere though