Reply to: The Official IR35 Prediction Thread - IR35 Reform Day

[northernladuk]

JtB retired in 1963.

Well he's been retired again for a year so plenty of time to count his pennies.

[jamesbrown]

JtB retired in 1963.

[Andy4819]

I never went away. I've been too busy counting my fortune to post here for entertainment.

SO John, you found another place to frequent Thought it was a bit quieter on 'that other site' ...
Seems like you are giving some stick out and riling up the ranks :-) Keep up the good work
Have you FINALLY retired ? I guess so with that handle

[northernladuk]

Plenty outside roles for talented contractors. This only affects bum on seat permacontractors, with mediocre skills, like northernladuk, who is happy to accept blanket bans etc. Im guessing in two years things are back to normal and almost all roles will be outside.

LOL... if that's what you want to think.

Not so sure about the last sentence though. They most certainly aren't in the public sector. Definitely more outsides than when it originally hit but no where near what it was before. Many orgs will find they can live with the people they get in and will just plod on I reckon.

[Unix]

Plenty outside roles for talented contractors. This only affects bum on seat permacontractors, with mediocre skills, like northernladuk, who is happy to accept blanket bans etc. Im guessing in two years things are back to normal and almost all roles will be outside.

[Whorty]

I never went away. I've been too busy counting my fortune to post here for entertainment.

That has to go down as your shortest post ever. Well done

[jamesbrown]

Crash yer bike, John.

[JohntheBike]

Oh dear. Who let you back in?

I never went away. I've been too busy counting my fortune to post here for entertainment.

[Andy4819]

I think the delay was a mistake in terms of "compliance" - I'm in contract (outside, with a bank) and while I'm not paying HUGE attention to the market I'm still getting outside roles sent over.

Contrast that to last year, when I was looking for work in Feb/Mar and it seemed that the sky had collapsed!

So, Option 2 I think. There's definitely going to be some damage, don't get me wrong, but I think clients are now positioned to be a lot more sensible about their decisions and are coming round to how to ensure their contractors are outside.

Also, if WFH continues, that'll really take the sting out of Inside roles. Personally, for me, if I don't need to travel then even an inside role on an average rate is a far better prospect than permiedom

Has anyone checked how the market is now with regards to the 'blanket' bans imposed last year? It seems that all the Banks took that approach. If they are now realizing that it was a mistake, maybe other markets will start to open up again. May take a couple of years to settle down though ....

[northernladuk]

agreed, and dividends for close companies will be taxed at 20%, with the current allowance removed.

Oh dear. Who let you back in?

[JohntheBike]

Once HMRC starts to see that their tax take post IR35 private sector rollout has not actually increased I am concerned that they will go into a red rage and start taxing everything that moves.

agreed, and dividends for close companies will be taxed at 20%, with the current allowance removed.

[AtW]

HMRC will start taxing everything that moves.

FTFY

[jamesbrown]

they're not going to know the true impact on tax gains until at least Summer 2022. Not that that will stop them calling it a success.

They're probably never going to know the true impact, as there are too many moving parts. IIRC, the OBR rated the estimates "very uncertain" and the pandemic essentially destroys any baseline. Nevertheless, as you say, it will be declared an overwhelming success and no one will GAF either way.

[Lance]

Once HMRC starts to see that their tax take post IR35 private sector rollout has not actually increased I am concerned that they will go into a red rage and start taxing everything that moves.

they're not going to know the true impact on tax gains until at least Summer 2022. Not that that will stop them calling it a success.

[TwoWolves]

Once HMRC starts to see that their tax take post IR35 private sector rollout has not actually increased I am concerned that they will go into a red rage and start taxing everything that moves.