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Previously on "IR35 - is it happening ?"

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  • Wilmslow
    replied
    Originally posted by Naruto1 View Post
    Good morning my fellow contractors

    I have been an IT contractor for a few years now.
    Just before Brexit was meant to happen, I found the market
    I eventually managed to land a 6 months contract but it was inside IR35. My take home pay has taken a huge hit. Now, the burning question is come April, are all private sector contracts DEFINITELY going to be inside IR35 ?

    I have done some calculations and it seems that my take home pay will be better if I still continue contracting and I am inside IR35 rather than taking a Perm role.

    How are you guys preparing ?
    I'll be licking the chutney spoon. Plenty quickness, much cheapness....

    Leave a comment:


  • Andy2
    replied
    what is IR35

    Leave a comment:


  • ladymuck
    replied
    Originally posted by PlanB View Post
    IR35 happened in April 2000, it’s been happening for 20 years.
    This.

    Leave a comment:


  • PlanB
    replied
    Originally posted by Naruto1 View Post
    Apologies if this was in posted in the wrong section.

    What I want to know is IR35 really happening ?
    IR35 happened in April 2000, it’s been happening for 20 years. The recent changes have been around who makes the determination, previously in the private sector that was the PSC. Now it is the engaging client and consequently they are on the hook for any penalties if there are errors.

    Unless and until the private sector get their head around this then the number of outside gigs will be greatly reduced but this is very much a how long is a piece of string question. All we can do is look at the empirical evidence and see how it turns out.

    The public sector is a whole other ball game as they have a bottomless pit of other people money for fines but again HMRC are extremely powerful and may start putting further pressure on other departments for full compliance.

    Leave a comment:


  • SueEllen
    replied
    Originally posted by Naruto1 View Post
    Apologies if this was in posted in the wrong section.

    What I want to know is IR35 really happening ?
    YouTube

    Leave a comment:


  • jamesbrown
    replied
    Originally posted by Naruto1 View Post
    What I want to know is IR35 really happening ?
    All the cool kids do IR35.

    Leave a comment:


  • Naruto1
    replied
    Apologies if this was in posted in the wrong section.

    What I want to know is IR35 really happening ?

    Leave a comment:


  • Whorty
    replied
    Originally posted by BlueSharp View Post
    I have bought enough bake beans to feed me for a year.
    That will go nicely with the new meat posting in General

    Leave a comment:


  • ascender
    replied
    This thread feels like a trap!

    I'm out.

    Leave a comment:


  • quackhandle
    replied
    I've just moved my junk bonds out of Liechtenstein as the rate has tanked, I've gone long on the pound, short on the euro and I have the Sunseeker up and ready for 2 weeks in Monaco. Can't use the Aston as it's gone for full refurb but my man tells me the Lambo will be available soon.

    And you?

    qh

    Leave a comment:


  • PlanB
    replied
    Originally posted by VirtualMonkey View Post
    by going perm, taking paid days off...being sick ...a lot... and having lots of free training until the market picks back up
    Perm and chill is the way forward if you can afford it, after the last few gigs it feels like a paid holiday.

    Leave a comment:


  • LondonManc
    replied
    With a radiator key, a DVD of Gladiator and a good noshing from AndyW's mum.

    Leave a comment:


  • VirtualMonkey
    replied
    Originally posted by Naruto1 View Post
    Good morning my fellow contractors

    I have been an IT contractor for a few years now.
    Just before Brexit was meant to happen, I found the market
    I eventually managed to land a 6 months contract but it was inside IR35. My take home pay has taken a huge hit. Now, the burning question is come April, are all private sector contracts DEFINITELY going to be inside IR35 ?

    I have done some calculations and it seems that my take home pay will be better if I still continue contracting and I am inside IR35 rather than taking a Perm role.

    How are you guys preparing ?
    by going perm, taking paid days off...being sick ...a lot... and having lots of free training until the market picks back up

    Leave a comment:


  • DoctorStrangelove
    replied
    Inneresting.

    Leave a comment:


  • PlanB
    replied
    Originally posted by Naruto1 View Post
    Good morning my fellow contractors

    I have been an IT contractor for a few years now.
    Just before Brexit was meant to happen, I found the market
    I eventually managed to land a 6 months contract but it was inside IR35. My take home pay has taken a huge hit. Now, the burning question is come April, are all private sector contracts DEFINITELY going to be inside IR35 ?

    I have done some calculations and it seems that my take home pay will be better if I still continue contracting and I am inside IR35 rather than taking a Perm role.

    How are you guys preparing ?
    Cashed in my chips, gone perm and bought some pop corn. If the private sector get their heads around determinations and risk then there may be a viable contract market, but it will take at least a year to see some clarity. We obviously have Brexit still hanging over our heads as nobody knows where we will be at the end of the trade negotiation phase with the EU.

    What will happen? Your guess is as a good as mine.

    Leave a comment:

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