When (almost) everyone is paid through PAYE payroll next year, what happens to the businesses that depend on providing nano limited companies with insurance against HMRC investigations? (Thoughts prompted by another thread here asking about insurance for past contracts). What are our "friends" at places like IPSE going yo do? Assuming their move fishing in the wider self employed fish pond has pretty much failed, what happens next at places like that, QDOS etc....?
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
What are the insurers going to do after next April?
Collapse
X
-
What are the insurers going to do after next April?
Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k. -
Originally posted by Fred Bloggs View PostWhen (almost) everyone is paid through PAYE payroll next year, what happens to the businesses that depend on providing nano limited companies with insurance against HMRC investigations? (Thoughts prompted by another thread here asking about insurance for past contracts). What are our "friends" at places like IPSE going yo do? Assuming their move fishing in the wider self employed fish pond has pretty much failed, what happens next at places like that, QDOS etc....?
QDOS will continue to sell insurance or go bust. TLC35 is gonna disappear but there will always be PI/PL/EL insurance business.
IPSE aren't an insurer so what happens to them depends on their ability to pivot to a different freelance market.
Oh. and not all contractors are permitracters about to get permied. There's a lot of work out there that is, and will stay, outside IR35.See You Next Tuesday -
Originally posted by Lance View Posteasy.
QDOS will continue to sell insurance or go bust. TLC35 is gonna disappear but there will always be PI/PL/EL insurance business.
IPSE aren't an insurer so what happens to them depends on their ability to pivot to a different freelance market.
Oh. and not all contractors are permitracters about to get permied. There's a lot of work out there that is, and will stay, outside IR35.
When likely 90% or more of contractors are PAYE they aren't going to need any insurances from QDOS or anywhere else.
And the "sausage machine style" contractor accountants? Unless they have significant non-contractor business there's a lot of jobs vapourising there.
When I look at the countries I have worked in I have seen that indeed maybe 90% of the contingent work force are PAYE. The UK has been an outlier for some time in this respect. It is normal that all but the very specialist and highly skilled multi-client contractors are PAYE.Last edited by Fred Bloggs; 30 October 2020, 21:19.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
-
There's an explosion in remote work opportunities (probably IR35-friendly) in the last few months, particularly with US-based clients.Comment
-
Originally posted by SuperLooper View PostThere's an explosion in remote work opportunities (probably IR35-friendly) in the last few months, particularly with US-based clients.Public Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
-
Ive also had to move overseas and I don’t see any improvement at all since brexit 2016
In fact things seem to have got far far worse. This is banking London contractor market where rates used to be good and people could simply cross the street and work at a new place one week to the next.
I don’t know whether it is ir35 brexit or covid but the market in Canary Wharf is deadComment
-
Originally posted by NowPermOutsideUK View PostIve also had to move overseas and I don’t see any improvement at all since brexit 2016
In fact things seem to have got far far worse. This is banking London contractor market where rates used to be good and people could simply cross the street and work at a new place one week to the next.
I don’t know whether it is ir35 brexit or covid but the market in Canary Wharf is deadPublic Service Posting by the BBC - Bloggs Bulls**t Corp.
Officially CUK certified - Thick as f**k.Comment
-
Originally posted by Fred Bloggs View PostInteresting, the world's passing me by, obviously.
The smarter insurers are ramping up to sell insurance products to the clients instead of us. Status Review - IR35 Compliance Management - Qdos"Being nice costs nothing and sometimes gets you extra bacon" - Pondlife.Comment
-
Originally posted by DaveB View PostDepends what you work in. Public Sector IT jobs have swung back to Outside now. At least 60% of the stuff I'm seeing coming through on the Digital Outcomes and Specialists framework is declared as outside.
The smarter insurers are ramping up to sell insurance products to the clients instead of us. Status Review - IR35 Compliance Management - Qdosmerely at clientco for the entertainmentComment
-
Originally posted by SuperLooper View PostThere's an explosion in remote work opportunities (probably IR35-friendly) in the last few months, particularly with US-based clients.Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment