We think we got it bad....

[Sysman]

Yes, it's their version of IR35, but much worse. It's been around for ages.
I understand it's virtually impossible to be 'self employed' in the construction industry.

It's been around since the 1980s, to my knowledge. It's a kind of PAYE for builders (called SC60 if I remember correctly)- the building company deducts tax from builders and then it's all supposed to come out in the wash at the tax year end.

In its early days, one chap down the local pub found that the company he had been working for went bust without paying the tax which had been deducted from him. The taxman still wanted it from him. In effect he had been working for a much lower rate than had been agreed.

[milanbenes]

quite,

Milan.

[Doggy Styles]

my cousin told me about this at the weekend...

HM Revenue & Customs: Construction Industry Scheme
: Introduction

What are the headline features?

[Platypus]

Yes, it's their version of IR35, but much worse. It's been around for ages.
I understand it's virtually impossible to be 'self employed' in the construction industry.

[milanbenes]

my cousin told me about this at the weekend...

HM Revenue & Customs: Construction Industry Scheme
: Introduction

they've also not got it easy

Milan.