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Is it worth moving to contracting?

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    Is it worth moving to contracting?

    Hi,

    Am currently a permanent employee but have been thinking of going into contracting for a few months now.

    However, have heard that IR35 now applies to contractors working in public sector and it will also be introduced next April for private sector.

    Is it worth going into contracting now for 9/10 months considering there will be changes, will there be any benefit of contracting even if inside IR35 for any sector from next year compared with permanent? Will rates and experience be a factor?

    #2
    Nope.

    Next.
    "You’re just a bad memory who doesn’t know when to go away" JR

    Comment


      #3
      Nah. Wait and see. Market is pants, a lot of uncertainty etc. Sit tight.
      'CUK forum personality of 2011 - Winner - Yes really!!!!

      Comment


        #4
        Originally posted by user3284 View Post
        Hi,

        Am currently a permanent employee but have been thinking of going into contracting for a few months now.

        However, have heard that IR35 now applies to contractors working in public sector and it will also be introduced next April for private sector.

        Is it worth going into contracting now for 9/10 months considering there will be changes, will there be any benefit of contracting even if inside IR35 for any sector from next year compared with permanent? Will rates and experience be a factor?
        The government doesn't have the ability or the balls to try to foist IR35 inclusion on private sector companies. Even May's balls aren't that big.

        Comment


          #5
          Originally posted by radish2008 View Post
          The government doesn't have the ability or the balls to try to foist IR35 inclusion on private sector companies. Even May's balls aren't that big.
          Never underestimate a Tory's chutzpah. It'll happen.
          Help preserve the right to be a contractor in the UK

          Comment


            #6
            Originally posted by radish2008 View Post
            The government doesn't have the ability or the balls to try to foist IR35 inclusion on private sector companies. Even May's balls aren't that big.
            Pfffft.

            However, the private sector won't react in the same way. For example, they won't be keen on using an HMRC tool that has no basis in law. Let's say 30-50% of PS contracts that were previously self-assessed as outside are now inside (that seems to be the rough percentage). That percentage will be much lower with any rollout to the private sector, because the private sector knows how to trade risk. That is, until they designate self-employment in statute law.

            Comment


              #7
              Originally posted by user3284 View Post
              Hi,

              Am currently a permanent employee but have been thinking of going into contracting for a few months now.

              However, have heard that IR35 now applies to contractors working in public sector and it will also be introduced next April for private sector.

              Is it worth going into contracting now for 9/10 months considering there will be changes, will there be any benefit of contracting even if inside IR35 for any sector from next year compared with permanent? Will rates and experience be a factor?
              I wouldnt advise anyone to go contracting right now. The market is in a recession generally although there are roles being advertised.

              There are lots of experienced contractors struggling to find work, some of the advertised rates Ive seen recently have been pathetic.

              If you take an inside IR35 role, unless it is very close to home it may not be worthwhile since you cannot claim travel, subsistence and other expenses allowed via limited co so will have to pay for these out of your net income.

              Sit tight, do plenty of research on your specialism and remember, you may pick up a first contract easily but the 2nd, 3rd and 4th may be a lot harder.

              Comment


                #8
                Originally posted by user3284 View Post
                Hi,

                Am currently a permanent employee but have been thinking of going into contracting for a few months now.

                However, have heard that IR35 now applies to contractors working in public sector and it will also be introduced next April for private sector.

                Is it worth going into contracting now for 9/10 months considering there will be changes, will there be any benefit of contracting even if inside IR35 for any sector from next year compared with permanent? Will rates and experience be a factor?

                Not now. There is a Brexit tsunami coming your way. In a couple of months we may be all glad to have a job, no matter whether it's contract or perm.

                Comment


                  #9
                  Relocate to EU, here in the office there's six contractors, five of us Brits.

                  Comment


                    #10
                    Originally posted by DotasScandal View Post
                    Never underestimate a Tory's chutzpah. It'll happen.
                    Originally posted by jamesbrown View Post
                    Pfffft.

                    However, the private sector won't react in the same way. For example, they won't be keen on using an HMRC tool that has no basis in law. Let's say 30-50% of PS contracts that were previously self-assessed as outside are now inside (that seems to be the rough percentage). That percentage will be much lower with any rollout to the private sector, because the private sector knows how to trade risk. That is, until they designate self-employment in statute law.
                    The private sector will just say no. Imagine the complexities of the government even approaching this. Easier in the public sector as they can dictate what happens with public money etc. but in the private sector they have very little ability to influence how a company performs it's business. I just can't ever see it happening.

                    Comment

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