Anyone we know?

[mattfx]

A contractor working at a level of a permie tugging 40K salary would probably be charging more like 60K a year as an equivalent, so therefore would be paying more tax. That article really wasn't very well written and once again paints us in a light of tax avoiding bar stewards to Joe Public.

[mudskipper]

Stick the figures in here

https://www.contractoruk.com/calcula...alculator.html

(Zero out everything else)

@Brillo - why the neg rep for this post? What has offended you?

[BrilloPad]

I only dressed as Batman once.

Times were hard and admin was looking for temp staff.

I lasted less time than MF as mod.

[woohoo]

Seemed a fluff piece to me - no questioning of HMRC figures/estimates. Comparison made between perm on 40k and contractor on 40k a bit crap. The contractor will usually charge more and therefore more revenue in tax.

No real detail on how much a perm benefit adds up to.

Not a huge amount from companies on the benefits that a contractor can bring. Often, smaller companies can't afford to employ someone full time with the skills of a contractor. I know I've worked for companies in Wales where they struggle to get perm people to do the commute.

If I was a perm reading this article I would say bloody contractor make em pay the same as me.

[mudskipper]

Doesn't read that way to me.



The article only ever refers to Income tax and NI, which is the way HMRC present it as well.

Stick the figures in here

https://www.contractoruk.com/calcula...alculator.html

(Zero out everything else)

[DaveB]

I think the figures include corp tax. But assume zero expenses etc.

Doesn't read that way to me.

An employee earning £40,000 a year will generate a total of £12,146 in income tax and national insurance, according to the IFS, while a company owner-manager will generate only £7,358 — nearly £5,000 less.

The article only ever refers to Income tax and NI, which is the way HMRC present it as well.

[mudskipper]

Article also only focusses on Income Tax and skips over the Corporation tax that freelances working through a Ltd pay.

I think the figures include corp tax. But assume zero expenses etc.

[DaveB]

Article also only focusses on Income Tax and skips over the Corporation tax that freelances working through a Ltd pay.

[jamesbrown]

Pay-wall, can you summarise (other than the lego bit above).

Serial fantasist.
Works in services at Heathrow.
Likes elevator music.
Too fat for regular retail costumes.
Plays with lego.
Dresses up as Batman.

Gosh, no idea...

[eek]

https://www.thetimes.co.uk/article/f...4b83b1d4b1501e

Some of us pay for the papers so can give links put

[Lance]

Pay-wall, can you summarise (other than the lego bit above).

Man worked for council.
Council declare man inside IR35 from April this year.
Man leave.
Man moan to The Times.

[mudskipper]

Google "Freelancers in the tax crossfire" - I think you can access from there.

[woohoo]

https://www.google.co.uk/url?sa=t&rc...tco9u1PvSPDSWu

"I spent most of my time building Lego and dressing up as Batman"

Pay-wall, can you summarise (other than the lego bit above).

[mudskipper]

https://www.thetimes.co.uk/article/f...4b83b1d4b1501e

"I spent most of my time building Lego and dressing up as Batman"



Edit: amended with eek's link