Reply to: Got a counter offer

[greenlake]

Hotdogs!!!

....or Not Hotdog!

[BR14]

You mean like bleeding radiators?

Yeh! - those bleeding radiators'll be the death of me

[SueEllen]

It's about a little more than that but if it makes you happy go with it.

You mean like bleeding radiators?

[SueEllen]

Or more likely -

(Seriously people who want serious replies to their posts and they aren't going through a personal crisis shouldn't post in General.)

[northernladuk]

That is what IR35 is all about, when I remember correctly. Don't quit and just get "employed" as a Contractor.s

It's about a little more than that but if it makes you happy go with it.

[SueEllen]

Ikea?

Hotdogs!!!

[BR14]

Is this like a McDonald's counter or KFC?

Ikea?

[Lockhouse]

Is this like a McDonald's counter or KFC?

[malvolio]

NotAllThere, SlipTheJab, TonyF ... thanks! I'm a fresh starter and I wasn't sure. That is what IR35 is all about, when I remember correctly. Don't quit and just get "employed" as a Contractor.

northernladuk, there are not stupid questions, just ...

Thanks guys!
Hannes

They are not stupid questions. They are badly considered and very naïve ones though. How much effort have you put into finding out what "being a contractor" entails in the current market?

[vetran]

NotAllThere, SlipTheJab, TonyF ... thanks! I'm a fresh starter and I wasn't sure. That is what IR35 is all about, when I remember correctly. Don't quit and just get "employed" as a Contractor.

northernladuk, there are not stupid questions, just ...

Thanks guys!
Hannes

have a peek on the main site they explain it quite well. So do IPSE & QDOS.

But basically you give up all your employee rights for a few quid more an hour and pay a little less tax when you become a contractor. Then HMRC decided you should pay the same tax without the employee rights and IR35 was born. They pretend you are an employee for tax purposes and try and convince a tax tribunal.

You can escape that by not being a de facto employee (multiple concurrent clients, no MOO etc) but it would be extremely difficult on a "Friday to Monday" scenario which is what HMRC started on.

If they want to keep you then your employer needs to pay you enough that you are able to take the tax & expense implications being caught brings and you are paid enough to replace the employee benefits. start at about twice your hourly wage normally.

should be enough to google on.

[Hannes7]

NotAllThere, SlipTheJab, TonyF ... thanks! I'm a fresh starter and I wasn't sure. That is what IR35 is all about, when I remember correctly. Don't quit and just get "employed" as a Contractor.

northernladuk, there are not stupid questions, just ...

Thanks guys!
Hannes

[northernladuk]

I hate it to register in a forum and create a thread straight away. Sorry, I can't think of any exact keywords to search for

So do we. Think harder.

[TonyF]

In this situation, I would have a contract which falls under IR35?

On the asumption that you are doing the same work as current, then yes.

If you aren't doing the same work and you can show that the new role is sufficiently different to be one of self-employment (hint: you probably can't...), then you would be outside IR35.

Why don't you consider taking the money as an employee rather than getting all the taxes and none of the employee benefits?

[SlipTheJab]

Hi guys,

I hate it to register in a forum and create a thread straight away. Sorry, I can't think of any exact keywords to search for.
Maybe one of you guys may can provide me with a 10 second answer.

I want to start as a contractor and I've told my manager today.
He needs me and made me a counter offer ...

In case, I would create my Limited company and my first client would be my current employer.
In this situation, I would have a contract which falls under IR35?

Thanks,
Hannes

What do you think...

[NotAllThere]

...In this situation, I would have a contract which falls under IR35?

Yes.