Originally posted by cojak
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Reply to: View from Clients so far
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Previously on "View from Clients so far"
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Originally posted by ComplianceLady View PostMove to umbrella I expect or via Agencies and then either direct or via umbrella. There's no appetite for clients to start payrolling that I've seen.
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Originally posted by JohntheBike View Postdo you have any insight into how clients intend to handle RTI and payslips for contractors declared inside IR35 from next April? Are there any signs of a mass move to umbrellas, or any other structure?
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Originally posted by BlueSharp View PostIt certainly looks that way. I'm building up the war chest to see how the land lies towards the end of next year. I'm sure my current gig will declare me outside and they may even fall in the small business exemption but who knows who things will go.
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Originally posted by ladymuck View PostI thought there was some requirement on agencies to report who is on their books and what they've paid them? Maybe someone in HMRC has started looking at the data...
EDIT: this is what I'm thinking of
Submit an employment intermediary report - GOV.UK
They report individual (Name, address, NINO or Gender + DOB), PSC, value & payment vehicle.
I don't believe we report the end client (though I'd have to check) so the question for me is where they got that part of the puzzle (unless they're direct).
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Originally posted by BABABlackSheep View Post...
How does the HMRC know who you are with anyway? It’s only if they investigate you.
EDIT: this is what I'm thinking of
Submit an employment intermediary report - GOV.UKLast edited by ladymuck; 24 August 2019, 20:29.
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Originally posted by BABABlackSheep View PostMatters not. I’m outside now, and happy to fight the case. The problem is more if the client is lazy and blanket assesses everyone inside. Then gives HMRC more ammunition.
How does the HMRC know who you are with anyway? It’s only if they investigate you.
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Originally posted by mrdonuts View Postwont switching to an umbrella because of ir35 whilst staying with the same client leave you wide open to a retrospective tax attack?
How does the HMRC know who you are with anyway? It’s only if they investigate you.
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Originally posted by BABABlackSheep View PostAh, what I meant was that most of the contractors have been here a while now, so an inside IR35 decision everyone will leave just in case HMRC investigate why they deemed themselves out previously now the client has said in.
Why I said I may stay, is because if they force everyone to go umbrella, then this takes IR35 out of the equation. .
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I still think you'll be surprised. Those that don't have a clue what IR35 is or just don't care won't understand the retrospective aspect either.
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Originally posted by northernladuk View PostSo you've said yourself you might stay so declaring everyone inside may not be suicide at all.
Why I said I may stay, is because if they force everyone to go umbrella, then this takes IR35 out of the equation. I have enough money in my company to get a nice low tax payoff for closing it. That extra money will offset the loss in income in the short term, and then I can just start another company in the future if I want.
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Originally posted by BABABlackSheep View PostI've heard the company and the agency(sole provider) are just in consultation. One of the options being discussed is to form a separate entity(company) for all the contractors to work through, so assuming an umbrella type model.
Also the agency already has a list of "approved" umbrella companies that contractors can go through, so might insist everyone goes to one of those.
https://www.contractoruk.com/forums/...ml#post2297178
https://www.contractoruk.com/forums/...mbrella-2.html
Given a lot of the contractors are on 12(or at least 6) month contracts, deciding that the contractors would be inside IR35 would be suicide as I and everyone else would head toward the exit well before April 2020.
Add to that if many other companies go inside they'll be leaving for what? A long sting on the bench with everyone else gunning for a reduced number of outside roles? Possibly not the best business move that.
My contract is up in a 3 months. I'm waiting to see what happens. If nothing by then, I'm either going to leave and try and find somewhere that has got its act together and deemed outside IR35 roles or stay but dissolve my ltd company and go into an umbrella for a while. I have a decent war chest so can take a nice sum out at 10% tax.
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Originally posted by BABABlackSheep View PostI've heard the company and the agency(sole provider) are just in consultation. One of the options being discussed is to form a separate entity(company) for all the contractors to work through, so assuming an umbrella type model.
Also the agency already has a list of "approved" umbrella companies that contractors can go through, so might insist everyone goes to one of those.
Given a lot of the contractors are on 12(or at least 6) month contracts, deciding that the contractors would be inside IR35 would be suicide as I and everyone else would head toward the exit well before April 2020.
My contract is up in a 3 months. I'm waiting to see what happens. If nothing by then, I'm either going to leave and try and find somewhere that has got its act together and deemed outside IR35 roles or stay but dissolve my ltd company and go into an umbrella for a while. I have a decent war chest so can take a nice sum out at 10% tax.
Also looking at creating another company with friends, but that's discussed elsewhere here.
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Originally posted by JohntheBike View Posthave you seen or heard anything which leads you to believe this? It may be that others might observe similar patterns with their clients and take this into account when assessing their future.
Also the agency already has a list of "approved" umbrella companies that contractors can go through, so might insist everyone goes to one of those.
Given a lot of the contractors are on 12(or at least 6) month contracts, deciding that the contractors would be inside IR35 would be suicide as I and everyone else would head toward the exit well before April 2020.
My contract is up in a 3 months. I'm waiting to see what happens. If nothing by then, I'm either going to leave and try and find somewhere that has got its act together and deemed outside IR35 roles or stay but dissolve my ltd company and go into an umbrella for a while. I have a decent war chest so can take a nice sum out at 10% tax.
Also looking at creating another company with friends, but that's discussed elsewhere here.
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Originally posted by ComplianceLady View PostI've been interested to follow a few discussions on here about Clients approach, potential impacts and 'solutions' to OPR, I wanted to share my experience from speaking to end clients over the past few months.
I've now met with c.75% of our client base at least once and I've thus far only spoken to one client who has been 100% that the contractors they're using will be inside IR35 from next year (and they should be inside now).
There are some clients whose contractors are likely on the edge and every one of them has been comfortable with making some changes to make a clear outside status determination possible.
I've not spoken to a client who has wanted to use any form of blanket determination (though every client is of the view that contractors in the main will logically have the same status).
They are consistently saying that contractors are fundamentally valuable and important to the business and they see a robust approach that minimises risk and retains the ability to use contractors as the correct approach.
This is completely different to the public sector, all of those clients have had a blanket type approach - generally assume they're inside and if it's a problem then re-think that based on the importance of the project.
I've also seen a difference from enterprise level clients - there is much more fear around the risk from them and a follow the leader type approach where they're all waiting for one another to declare their approach.
I've seen some comments about agency fees going up or contractor rate being squeezed. I can't speak for every Agency (thank goodness!) but those I speak to are seeing this as an opportunity to help clients continue to engage contractors and to justify the fee, not to increase them.
I'm not in favour of the changes and I can see some negative impacts but in the main the past couple of months of speaking to clients have left me feeling more positive about the impact.
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