You're probably not going to like this - we certainly don't

[eek]

Is the expectation there will be no t and s?

I notice in the consultation doc even the 5% flat rate expenses are not a given.

So you work with all the risk and no employee rights; no pension, holiday , sick pay etc. You get taxed as an employee and you can't claim ANY expenses? Not even pension or admin and accountancy costs?

That can't be right surely ?

IR35 = No T&S's as from April 5th 2016

5% flat rate expenses is unknown but given the way payments are planned to be pre-taxed my bet is that its gone as it will be impossible to do.... Remember the entire point is to shift people onto payroll so I can't see HMRC keeping it...

Pensions we don't know - that will be interesting...

[northernladuk]

How can you not know about the T&S. There was a massive furor about it and it's been in place 4 months already????

[jamesbrown]

It's kind of what it should be heading to - where specialists get treated as consultancies.

The big bummer is the loss of T&S for people. What extra rights will these people have or are they a still a completely expendable set of workers who can be binned off at a moment's notice, despite being unable to claim the T&S for staying away?

Perhaps, and I think it will. However, BoS contractors are nothing like employees in most instances. This is simply going to replace the non-issue of false self-employment (90% compliance in the PS, versus the 10% compliance argued by HMRC) with a big issue of false employment.

I think there's a legitimate flight on employment rights (as I've said before, one that would make me feel uncomfortable, but this is beyond feelings). This is why HMG are so keen to emphasise that nothing is changing w/r to employment law. This will be something for IPSE, in due course.

[jamesbrown]

I find it best to be clear and explain things in little words. There are some who have posted on this thread that really don't understand how well planned and executed this attack has been starting from the announcement of the Agency Intermediary reporting regulations...

Good point, there will be many, from varied backgrounds, reading through these threads in due course...

[eek]

Perhaps, and I think it will. However, BoS contractors are nothing like employees in most instances. This is simply going to replace the non-issue of false self-employment (90% compliance in the PS, versus the 10% compliance argued by HMRC) with a big issue of false employment.

I think there's a legitimate flight on employment rights (as I've said before, one that would make me feel uncomfortable, but this is beyond feelings). This is why HMG are so keen to emphasise that nothing is changing w/r to employment law. This will be something for IPSE, in due course.

Step 1 for Unions is to get people on payroll. They see it as the starting point for getting them rights...

I suspect that that could actually be right when it comes to the public sector - as a lot of things start from the moment you are on payroll (which is why around here they seem very desperate to keep those 15 people I mentioned well away from it)..

[Eirikur]

The other member benefits, e.g. savings for our members of >£500k this quarter alone, are just icing on their cake.

If they would have gone to Quidco or Topcashback they would have received much more savings as their cashback percentages are often much higher and no membership of any organisation is required oh and no reloadable cards and that sort of nonsense needed

[eek]

If they would have gone to Quidco or Topcashback they would have received much more savings as their cashback percentages are often much higher and no membership of any organisation is required oh and no reloadable cards and that sort of nonsense needed

Not quite fair.... Quidco doesn't offer 3% savings for little hassle at Sainsburys....

[eek]

Webberg has pointed out 3 consultation dates (2 in London 1 in Newcastle) see http://forums.contractoruk.com/hmrc-...ml#post2292322

That Newcastle one would be fun if local senior managers knew what was being discussed (I would bet serious sums that they don't)....

[youngguy]

How can you not know about the T&S. There was a massive furor about it and it's been in place 4 months already????

I knew about the T and S since April, but didnt know whether the exact same rules would apply .....I should have better joined the dots! My question was part disbelief as well.

Pension is the interesting one...whilst I wouldn't be over the moon at paying more tax it is part of life sometimes. Potentially having no business allowable expenses at all is just crazy.

Taking it a step further (post implementation ) why should a finance contractor get lower tax rates and expenses when a PS contractors doesn't ? This is no doubt the Q that will be posed in a few years, resulting in all contractors being taxed as PAYE without employee benefits.

[cojak]

If you see how many newbies complain after their proper umbrella has deducted the correct amount of tax, you'll get some idea of the nasty shock they'll get when they realise that being a contractor really isn't about the money anymore...

And here's another one...

http://forums.contractoruk.com/umbre...confusion.html