Taxed more than I earn.

[TheDude]

I am assuming you are not a builder, plumber or electrician.

In my part of the world they seem to earn more than they earn rather than be taxed more than they earn.

[PerfectStorm]

I am assuming you are not a builder, plumber or electrician.

In my part of the world they seem to earn more than they earn rather than be taxed more than they earn.

There's a reason so few of them put in for Coronavirus self employment assistance

"80% of declared earnings? Oh crap!"

[hugebrain]

If you go through an umbrella does the client avoid paying VAT?

Could be the reason a lot of banks are so snotty about outside of IR35 contracts (since banking services don’t have VAT on them).

But anything over 50% is ludicrous (you are effectively make yourself worse off since some public sector scummer will outbid you for whatever you are trying to buy)

[eek]

If you go through an umbrella does the client avoid paying VAT?

Could be the reason a lot of banks are so snotty about outside of IR35 contracts (since banking services don’t have VAT on them).

But anything over 50% is ludicrous (you are effectively make yourself worse off since some public sector scummer will outbid you for whatever you are trying to buy)

no joint employment is only possible in very limited cases (and that’s the only way to avoid VAT on a wage bill)

it’s a combination of IR35 and general risk aversion partly because of HMRC and partly corporate memory from what the IRS did back in the 80’s early 90s