I fully appreciate that this has been kind of covered elsewhere in other threads but this appears to be getting very real ....
If contractors (in very large numbers) are allowed by their existing agencies to switch over to an existing Consultancy firm who will then invoice the existing client (a Bank) and then get the contractors to invoice them (the Consultancy firm) via their still intact Limited Company .... will this be deemed outside of IR35? If I were to tell you you that the contracts between the Consultancy firm and the Bank were all for fixed term periods and for project work and rates would be exactly the same ... would this make any difference?
I personally thought ... not going to make a difference ... far too simplistic.
But currently plans are in place to do exactly this at a massive London based Bank....effectively moving over hundreds of contractors and keeping them outside of IR35.
Note I am not one of the contractors.
If contractors (in very large numbers) are allowed by their existing agencies to switch over to an existing Consultancy firm who will then invoice the existing client (a Bank) and then get the contractors to invoice them (the Consultancy firm) via their still intact Limited Company .... will this be deemed outside of IR35? If I were to tell you you that the contracts between the Consultancy firm and the Bank were all for fixed term periods and for project work and rates would be exactly the same ... would this make any difference?
I personally thought ... not going to make a difference ... far too simplistic.
But currently plans are in place to do exactly this at a massive London based Bank....effectively moving over hundreds of contractors and keeping them outside of IR35.
Note I am not one of the contractors.
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