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Boris to Abolish Contracting
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Can now see why some recent actions have been taken by banks and other big entities.
The Queens Speech says that “The Government is committed to going even further”. They intend implementing the Taylor Review which was published a while back. The Taylor Review said that there should be two types of contractors, Dependent Contractors and Independent Contractors.
Those who would be just extra bodies on IT projects would all be Dependent Contractors and be taxed accordingly. Independent Contractors would be those classified at the moment as Consultants.
A Dependent Contractor works predominantly for one company at a time says Taylor.
So consultants need to have multiple active clients, yet consultancies tend to send their 'consultants' to one client at a time, acting as project bodies that are to be classed as 'dependent contractors'.
Let's see how that plays out in terms of new rules. Too cynical of me to think the big consultancies will have a free pass with the government turning a blind eye to them and only enforcing any such rules on those too small to have 'lobbying' power.
At least we should only have to wait until the next budget on 6th of November to find out more details. Though that date may be at risk if brexit by 31st of October kicks up any further disruption in terms of a general election.Maybe tomorrow, I'll want to settle down. Until tomorrow, I'll just keep moving on. -
Originally posted by jk3838 View Posthttp://www.itcontractor.com/boris-johnson-to-abolish-contracting-profession-in-final-ir35-assault Boris Johnson to Abolish Contracting Profession in Final IR35 Assault
Yes contracting is in trouble, but it's better explained elsewhereOriginally posted by Stevie Wonder BoyI can't see any way to do it can you please advise?
I want my account deleted and all of my information removed, I want to invoke my right to be forgotten.Comment
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Originally posted by Hobosapien View Post
So consultants need to have multiple active clients, yet consultancies tend to send their 'consultants' to one client at a time, acting as project bodies that are to be classed as 'dependent contractors'.
1- Consulting project: they tender for a project, charge for delivering an end product (total price for delivery) ... the consultancy has total management of running the project makes the judgment of how the project is delivered how its implemented and number of resources required, the client does not get extra charges for the number of consultants, but may get charged for changes in the requirements etc
2- Service provision: here the client engages the consultancy to help out in an internally managed project, so they ask for extra resources that can be an expert or even junior to perform same role as their perm on the same project... the consultancy here charges daily rate, and increases the charge according to number of consultants it provides, and their experiences.
So the number of client doesn't matter, its the type of engagement that is important... in the future the first type of consultancy will be the only way one can contracts !!Comment
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Originally posted by SimonMac View PostI'd take anything that site say's with a pinch so salt
Queen's Speech 2019 - GOV.UKComment
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Originally posted by SimonMac View PostI'd take anything that site say's with a pinch so saltComment
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Boris to Abolish Contracting
Originally posted by Hobosapien View PostSo consultants need to have multiple active clients, yet consultancies tend to send their 'consultants' to one client at a time, acting as project bodies that are to be classed as 'dependent contractors'.Last edited by meridian; 15 October 2019, 11:53.Comment
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Originally posted by jk3838 View Postyou might be right, I can't find the quote from the speech in the article, in the actual speech transcript
Queen's Speech 2019 - GOV.UKComment
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Originally posted by Patrick@Intouch View PostThe "quote" doesn't exist in the Queen's Speech as delivered, I listened to the broadcast while reading the transcript to make sure!
Wow. I remember seeing the link to the original article and was surprised, but thought those words were coming to win over the labour vote.
i wonder where that "quote" came from though! Whether made up, or heard or seen elsewhere?Comment
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