Opinions on IR35 and its impact on contractors?
Discussion
I'm a transformation / Finance bod who contracts.
I provide services, deliver, get projects over the line etc. IR35 in my honest opinion would be a nail in the coffin of the Industry.
Good luck trying to deliver projects without key skills. Seriously...
Does this government even want business to survive or project delivery within the UK?
I provide services, deliver, get projects over the line etc. IR35 in my honest opinion would be a nail in the coffin of the Industry.
Good luck trying to deliver projects without key skills. Seriously...
Does this government even want business to survive or project delivery within the UK?
Edited by HannsG on Saturday 18th November 10:11
HannsG said:
I'm a transformation / Finance bod who contracts.
I provide services, deliver, get projects over the line etc. IR35 in my honest opinion would be a nail in the coffin of the Industry.
Good luck trying to deliver projects without key skills. Seriously...
Does this government even want business to survive or project delivery within the UK?
The private sector will review most roles and deem them correctly outside IR35I provide services, deliver, get projects over the line etc. IR35 in my honest opinion would be a nail in the coffin of the Industry.
Good luck trying to deliver projects without key skills. Seriously...
Does this government even want business to survive or project delivery within the UK?
Edited by HannsG on Saturday 18th November 10:11
HannsG said:
I'm a transformation / Finance bod who contracts.
I provide services, deliver, get projects over the line etc. IR35 in my honest opinion would be a nail in the coffin of the Industry.
Good luck trying to deliver projects without key skills. Seriously...
Does this government even want business to survive or project delivery within the UK?
I provide services, deliver, get projects over the line etc. IR35 in my honest opinion would be a nail in the coffin of the Industry.
Good luck trying to deliver projects without key skills. Seriously...
Does this government even want business to survive or project delivery within the UK?
Edited by HannsG on Saturday 18th November 10:11
If IR35 being enforced more is being the "final nail in the coffin" then surely that proves there is a lot of tax evasion going on?
If contractors are correctly outside of IR35 then surely there is nothing to worry about?
I spoke to a PM friend of mine up in London this week who said there are lots of public sector contractors moving into the private sector at the moment due to IR35.
If contractors are correctly outside of IR35 then surely there is nothing to worry about?
I spoke to a PM friend of mine up in London this week who said there are lots of public sector contractors moving into the private sector at the moment due to IR35.
IR35. Voted for by hypocritical greedy MPs, with their owns noses well and truly in the trough. When I contracted, the max hourly rate I got was £35/hr. Monthly living expense away from home was £1000. No benefits you get being an employee. Have to pay your own Pension contribution. Need medical insurance in case of no work for a year. Not a good risk for a mortgage. Contract can be cancelled immediately. Few holidays in case the contract ended. Hated by the regular employees. And before you ask, it was about the only way I found work in the engineering sector, after Maggie Thatcher decided we need to be a service industry country.
mcg_ said:
Oh no maybe you’ll have to start paying the tax you should be after all these years.
If you’re outside IR35 there nothing to worry about.
PS to my post. Had to pay an account each year, and paid tax and NI.If you’re outside IR35 there nothing to worry about.
PPS. I hope our ex chancellor of the exchequer, Mr Austerity himself, is managing ok on his £650,000/yr, 1 day a week 'job'
Edited by robinessex on Saturday 18th November 11:37
robinessex said:
IR35. Voted for by hypocritical greedy MPs, with their owns noses well and truly in the trough. When I contracted, the max hourly rate I got was £35/hr. Monthly living expense away from home was £1000. No benefits you get being an employee. Have to pay your own Pension contribution. Need medical insurance in case of no work for a year. Not a good risk for a mortgage. Contract can be cancelled immediately. Few holidays in case the contract ended. Hated by the regular employees. And before you ask, it was about the only way I found work in the engineering sector, after Maggie Thatcher decided we need to be a service industry country.
I'm not sure whether you're for or against IR35?Gargamel said:
Finally ... Contractors will get to pay a more appropriate amount of tax relative to income, instead of avoiding the top band altogether via 'dividends'
You clearly don't have a clue about how much tax we already pay. Politics of envy - whenever I get a permie bleating on about how contractors have it easy and get paid so much more, I ask them why they aren't doing it and I make the genuine offer to help them make the transition. Some have taken me up on it and gone into contracting themselves. But most just like to have a nice little moan about how the grass is greener on the other side of the fence even though the fence is flimsy and easily crossed.
Edited by Clockwork Cupcake on Saturday 18th November 13:22
Fairly shocked at the responses here. I pay enough tax as it is.
I take the risks of being on the bench, no security..... What makes you think I avoid tax?
time and effort should be better spent chasing the likes of lewis Hamilton rather than one man bands like me.
My concern is that I will be seen as a permanent employee whilst being on a project for a finite amount of time.
Typical response from permies who think all contractors are minted. Apologies if some of you felt your were entitled to more in life.
Get of your arse and go take some risks then..
I take the risks of being on the bench, no security..... What makes you think I avoid tax?
time and effort should be better spent chasing the likes of lewis Hamilton rather than one man bands like me.
My concern is that I will be seen as a permanent employee whilst being on a project for a finite amount of time.
Typical response from permies who think all contractors are minted. Apologies if some of you felt your were entitled to more in life.
Get of your arse and go take some risks then..
I run my own business, so I think I'm somewhat qualified to give my opinion.
It doesn't matter if you're on a project or not, if you fall within IR35 then you should be paying the appropriate tax.
If you feel like there are more risks involved with being a contractor within IR35 then ask for the corresponding recompense.
It doesn't matter if you're on a project or not, if you fall within IR35 then you should be paying the appropriate tax.
If you feel like there are more risks involved with being a contractor within IR35 then ask for the corresponding recompense.
jammy-git said:
I run my own business, so I think I'm somewhat qualified to give my opinion.
It doesn't matter if you're on a project or not, if you fall within IR35 then you should be paying the appropriate tax.
If you feel like there are more risks involved with being a contractor within IR35 then ask for the corresponding recompense.
If it gets passed. Most definitely I'll push for 2500 a day...It doesn't matter if you're on a project or not, if you fall within IR35 then you should be paying the appropriate tax.
If you feel like there are more risks involved with being a contractor within IR35 then ask for the corresponding recompense.
Any opinions on that?
I couldn't care less how much any one gets paid. If that's your day rate then good for you, you're obviously well very valued within your sector.
FWIW, I don't necessarily agree with the regulations and I've been shocked at how poor the Tories have been for SMEs and contractors. However I also don't agree with the number of contractors that are clearly evading tax by pretending to be outside IR35 when they obviously are not.
FWIW, I don't necessarily agree with the regulations and I've been shocked at how poor the Tories have been for SMEs and contractors. However I also don't agree with the number of contractors that are clearly evading tax by pretending to be outside IR35 when they obviously are not.
768 said:
jammy-git said:
However I also don't agree with the number of contractors that are clearly evading tax by pretending to be outside IR35 when they obviously are not.
When it comes to IR35 little is clear or obvious.Gassing Station | Business | Top of Page | What's New | My Stuff