Re: This does not compute
It seems to me that you wouldn't have to join the payroll of the company which engages you, but your own PSC would have to pay you as an employee, rather than allowing you to take a nominal salary plus dividends. This is the same as what happens if you "fail IR35" today.
From the contractor's point of view, this is the worst of all worlds: the contractor pays the same taxes as an employee, but has none of the benefits (employment rights, holiday pay etc)
It will become complex if you have multiple contracts, some of which pass the new rules and some don't; you will have to apportion your income and expenses against each contract.
Biting the hand that feeds IT
