PCG and QDOS can save the day with IR35 insurance for agencies

[Lewis]

However its one thing to insure 100,000 contractors for £25,000 each on average, its another to insure 1,000 agencies for £2m each.

Sounds like a great business opportunity to me.

[eek]

Sounds like a great business opportunity to me.

Not when you understand what a following notice would do to that insurance bill....

[malvolio]

I believe the argument goes that Ipse are more than just an insurance product, but I've been contracting for 20 years and have yet to meet a member who joined for anything other than the insurance they offer.

I know quite a few...

[northernladuk]

I think this one should go to General.

[NotAllThere]

The devil is in the detail. When IR35 was first announced, one of the biggest questions was who would be liable. It was mooted even then that it would be the client or the agent. If the checks don't change though, contractors buying insurance to protect their agency/client against IR35 might work.

[Lewis]

Sounds like a great business opportunity to me.

In fact the more the merrier, at a certain level of take up it won't even matter if the IR35 cases are won or lost. HMRC are undertaking around a couple of hundred investigations a year, spread that cost, including losses, across over a million freelancers and it becomes a small price for contractors to pay. A BUPA for IR35.

Not when you understand what a following notice would do to that insurance bill....

I’d like to think each case has to be judged on its own merits, but I agree things like APNs make me think that HMRC wouldn’t take such an insurance laying down and would try to bulldoze through it.

The devil is in the detail. When IR35 was first announced, one of the biggest questions was who would be liable. It was mooted even then that it would be the client or the agent. If the checks don't change though, contractors buying insurance to protect their agency/client against IR35 might work.

Yes unfortunately I remember those days well. It resulted in the ballooning of the offshore scheme, which is what makes me think someone will come up with something to get around these rules, whether or not it works is another matter.

Will be interested to see the detail. Fortunately, I’m not in the public sector and have worked hard to build a healthy plan B that will protect me going forward no matter what happens to contracting.

[northernladuk]

In fact the more the merrier, at a certain level of take up it won't even matter if the IR35 cases are won or lost. HMRC are undertaking around a couple of hundred investigations a year, spread that cost, including losses, across over a million freelancers and it becomes a small price for contractors to pay. A BUPA for IR35.

.

You are just talking rubbish now.