Just had the results of my contract review from B&C (first time contractor). They say based on working practices I'm clearly inside IR35. This is a bit of a blow because friends working on the same kind of contracts are paying themselves as if outside IR35 and their contracts are worded in and 'IR35 friendly' way. The difference is most of them found their contracts via an agency and the agencies take care of the contract. My contract is written by the client. Obviously I could try to get my contract re-written and then conduct myself as if outside IR35 but given what B&C told me I would be knowingly avoiding tax and that's not my aim.
It's quite hard to swallow knowing that everyone else I'll be working with will be taking home significantly more than me and no doubt the people I tell will think I'm crazy for going down this route. I guess most of them will have been told by the agency that they're outside IR35 and are happily going along with that.
I'm not sure what advice I'm asking for really. Just wanted some reassurance that I'm doing the right thing I suppose!
It's quite hard to swallow knowing that everyone else I'll be working with will be taking home significantly more than me and no doubt the people I tell will think I'm crazy for going down this route. I guess most of them will have been told by the agency that they're outside IR35 and are happily going along with that.
I'm not sure what advice I'm asking for really. Just wanted some reassurance that I'm doing the right thing I suppose!
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