Posts by MountainBob 3 publicly visible posts • joined 18 Feb 2020
Seeing as I will almost certainly catch it at some point anyway, I'd rather risk it than be out of work in an economy rapidly being brought to its knees.
Besides, as a contractor it takes lot for me not to turn up to work. I don't benefit from cushy benefits like them perm folks.
Obviously the government is all about the "Fairness" though, so I look forward to those benefits kicking in real soon....
Too little, far too late.
Companies have already forced a lot of contractors out, I myself finish this week and with the global pandemic, there is zero chance of renegotiating to extend it further. Companies are now implementing spending freeze as for them and the economy as a whole, winter is coming.
But clearly the IR-35 chancellor realised the negative effect of the policy, else why else delay it? And yet apparently, it was all about “fairness”.
Slow clap to the HMRC and the government. My business and thus I, and a very great many of others, are now out of work for the foreseeable future.
Bravo.
You are referring to an HMRC factsheet, something a lot of fellow consultants have brandished whenever I have warned them of the danger. Indeed, an HMRC spokesperson was recently quoted as saying:
"The change does not affect people who are self-employed under existing employment status tests and will ensure that tax that was always due is paid. Contractors who are complying with the existing rules will feel little impact.”
This strongly suggests they may well decide to do clawback. What is to stop them? A factsheet doesn't equate to law and when the income they have promised the treasury falls well short, I would fully expect them to come a knocking.
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