IR35: Planning for April 2020 – should I stay or should I go? IR35: Planning for April 2020 – should I stay or should I go? - Page 22
Page 22 of 33 FirstFirst ... 12202122232432 ... LastLast
Posts 211 to 220 of 326
  1. #211

    Still gathering requirements...


    Join Date
    Mar 2015
    Posts
    22

    Default

    Thank you both so much!

  2. #212

    Nervous Newbie


    Join Date
    Jan 2020
    Posts
    1

    Default

    Hello all. Newbie poster here so please be kind. I’ve been reading these forums for a few days now. What a fantastic source of information.

    I have contradicting thoughts in my head at the moment and I’m hoping some of the more knowledgeable of you could help and validate what I’m thinking? I know that no one knows the inner workings of HMRC, I’m just looking for experienced viewpoints.

    I’ve been contracting for 5 years now. As a limited company. Never more than 18 months at any one company but always for the big financial institutions (no names ).

    My current contract which was / is a new role, with a different institution to the last has been running for just over 12 months and is due to end on the 28th feb.

    My client is one of those institutions that has decided to go down the route of only employing PAYE via an agency. So no Ltd companies.

    My current client has asked me to go PAYE as they don’t want to lose me off the project I’m working on. So I would basically become an employee of the agency that I got the role through. Same job. Different method of being paid. So I think the agency is now the umbrella company?

    My dilemma is that from everything I have read on here after April It looks like I am going to set off every flag going at HMRC and trigger an investigation.

    So I think my only options here are:
    1. Leave my current client at the end of February. I would be paid before April.
    2. Go PAYE at another company. Not my current client.

    Are my thoughts correct?

    If I go PAYE at another company, would that theoretically flag anything? And would I have to wind up my company

    Many thanks for any help in advance.

  3. #213

    Godlike

    ChimpMaster's Avatar
    Join Date
    Jan 2006
    Location
    Here There and Everywhere
    Posts
    5,786

    Default

    HI Padd

    I think you're about right there. Of course, you could have a 3rd option which is to find an outside IR35 option at another client, and a 4th option where you work with the existing client to actually ensure that you fall outside of IR35 (assuming they want to keep you enough).

    As for winding up your company: if you're not outside IR35 any more and don't plan to be on any such contract for the next 2 years, then you might as well wind it up.

  4. #214

    Default

    Make sure you secure another role before you do anything, read the state of the market thread


    Sent from my iPhone using Contractor UK Forum

  5. #215

    Should post faster


    Join Date
    Aug 2016
    Posts
    134

    Default

    Quote Originally Posted by GhostofTarbera View Post
    Make sure you secure another role before you do anything, read the state of the market thread


    Sent from my iPhone using Contractor UK Forum
    Hmm leave without a job or have HMRC chasing you for the tax they believe should have been paid in 2019/20 as you were clearly inside and you’ve admitted as much by continuing

    Not an easy choice

  6. #216

    Nervous Newbie


    Join Date
    Jan 2020
    Posts
    1

    Default Taking a 2 month Break - same client

    Interested in views on following scenario

    Contractor outside IR35 with same client for last 18 months
    Refuses to take part in IR35 Status Determination process
    Finishes contract end of Feb 2020.

    Restarts with same client via brolly in May 2020, different role but similar skills being used

    Will this 2 month break make much difference compared with immediate switch to brolly?
    What things would need to be included in brolly arrangement to reduce risk?

  7. #217

    My post count is Majestic

    northernladuk's Avatar
    Join Date
    Mar 2009
    Posts
    43,531

    Default

    Different role so risk is greatly reduced to point of not being worth worrying about.
    'CUK forum personality of 2011 - Winner - Yes really!!!!

  8. #218

    Godlike

    ladymuck's Avatar
    Join Date
    Sep 2005
    Location
    London
    Posts
    9,408

    Default

    The contract you have with the brolly isn't really relevant. If the work is as significantly different as you say and it can be convincingly demonstrated/documented then the risk should be low. Make sure both old and new roles are clearly defined.

  9. #219

    Nervous Newbie


    Join Date
    Mar 2016
    Posts
    2

    Default

    I think I know the answer to this but wondering if someone could advise - the company I contract to isn't going to make a determination, they simply have all contracts scheduled to finish in advance of the deadline and won't allow people to contract through PSC's beyond that date.

    If I finish my current contract (outside) with last invoice payment before April 6th, would me starting immediately in a permie role be a red flag / high risk?

    BTW Thanks to all the contributors help in these threads - lot's of great information! I thought I was going to be OK contracting to the end of March... but with the invoice timelines, this forum has told me that is a very bad idea! Bad news but glad I have heard it.

  10. #220

    Still gathering requirements...


    Join Date
    Nov 2010
    Posts
    96

    Default

    I've mentioned this on another thread, but for those going outside to inside at the same client, the sheer number of contractors who will be doing this will mean there's no way HMRC could afford to investigate them all, or even more than a handful surely?

    They're incredibly under-resourced as it is and the people who will trip this flag in April will number the thousands at some of the big Banks alone.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •