SDC proposals leaked?

[MarkT]

Those purveying doom-laden stories are usually the same ones who want to sell you insurance against it.

The OP link points to atlantic-umbrella, who are purveying a misery monologue about tax. Clicking another tab on their front page reveals a full range of insurance products available to you, dear buyer, for a payment of merely...

Thing is - there's a few links to this now, one accountant seems to have completely bought that the whole consultation has been accepted, wholesale.

I still can't see believe this is what will happen, but it's feeling more likely every day....how many of us will go bankrupt?!

[GB9]

Lisa Contractor Brolly chick posted this yesterday.

[northernladuk]

Lisa Contractor Brolly chick posted this yesterday.

Chick?? Lol I can't wait for her to see this. Now where is my popcorn. Are we all sitting comfortably..

[Zero Liability]

Thing is - there's a few links to this now, one accountant seems to have completely bought that the whole consultation has been accepted, wholesale.

I still can't see believe this is what will happen, but it's feeling more likely every day....how many of us will go bankrupt?!

This is an alternative interpretation of what it could all be about.

[Pondlife]

APSCo would pretty much agree with Lisa

APSCo responds to leaked IR35 proposals

[MarkT]

Okay - so what's to stop us signing a waiver to say we will bear responsibility for any tax incurred and will declare as outside of SDC? How would the test be proven? Surely large companies will defend any decision they take and everyone is happy?
We get our reward for our risk
They get a happy flexible, off the books workforce
HMRC get CT @20% and PAYE on the rest.

Any time limit seems slightly arbitrary though.....

And I say again - what's a PSC? Define please?

[LisaContractorUmbrella]

Lisa Contractor Brolly chick posted this yesterday.

That makes me feel quite young - I don't know why

[LisaContractorUmbrella]

Chick?? Lol I can't wait for her to see this. Now where is my popcorn. Are we all sitting comfortably..

I feel like one of the gang now

[LisaContractorUmbrella]

Okay - so what's to stop us signing a waiver to say we will bear responsibility for any tax incurred and will declare as outside of SDC? How would the test be proven? Surely large companies will defend any decision they take and everyone is happy?
We get our reward for our risk
They get a happy flexible, off the books workforce
HMRC get CT @20% and PAYE on the rest.

Any time limit seems slightly arbitrary though.....

And I say again - what's a PSC? Define please?

If this all does go ahead and it's a big if - it will all depend where the decision sits to determine SDC and where the liability sits if the wrong decision is made. I am fairly sure that you cannot indemnify or insure against a tax debt so, if the contractor declares no SDC and offers clientco some sort of indemnity but the liability for status determination and therefore the potential tax debt lies with the client, it won't be worth anything.

[northernladuk]

That makes me feel quite young - I don't know why

Me neither....