Advice needed - go perm or risk finding a new job in March? Advice needed - go perm or risk finding a new job in March? - Page 3
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  1. #21

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    Quote Originally Posted by SussexSeagull View Post
    I would have a party with such things. In my current contract I got offered a month extension on the proviso I didn't have any time off. As it happened I didn't have anything planned so not a problem.
    What was the consequence if you did have time off?

  2. #22

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    If I went perm with my current gig, but my role changed in that I'd be doing perm-related extras like interviewing and team-leading (doing none of these as a contractor), would that still make me IR35 vulnerable? I guess it'd raise a HMRC flag anyway as they wouldn't see work practices at that point, but it'd be a different role.

  3. #23

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    Quote Originally Posted by heyya99 View Post
    If I went perm with my current gig, but my role changed in that I'd be doing perm-related extras like interviewing and team-leading (doing none of these as a contractor), would that still make me IR35 vulnerable? I guess it'd raise a HMRC flag anyway as they wouldn't see work practices at that point, but it'd be a different role.
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  4. #24

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    Quote Originally Posted by pr1 View Post
    What was the consequence if you did have time off?
    Presumably wouldn't have got renewed.

  5. #25

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    It seems to be common wisdom that Friday contractor, Monday perm is a magnet for HMRC investigation but can anyone tell me where this has come from? Yes, i know where the logic comes from but have HMRC actually said this is an issue? Is it possible they'll be happy to turn a blind eye as you're essentially doing what they want you to do - go perm and pay more tax.

    I'm sure there are many of us in this situation. If we don't go perm, then the market will be flooded next April and a lot of firms without staff.

  6. #26

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    Common sense?
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  7. #27

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    Quote Originally Posted by northernladuk View Post
    Common sense?
    But you (and many others) weren't alarmed in the past.

    https://www.contractoruk.com/forums/...n-trigger.html

    I made a personal point about work practices here but it seems one poster thinks it means jot.

    https://www.contractoruk.com/forums/...t=#post2691094
    Last edited by heyya99; 22nd October 2019 at 17:52.

  8. #28

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    Because back then there wasn't a rumour that letters are going to public sector contractors after the changes 2 years ago and HMRC hadn't written to 1500 GSK contractors telling them we are looking at you.

    It's always been a risk but the heightened attention is making me much more nervous now. The sheer number of people going inside or perm must be an absolute honey pot for HMRC as well.

    That's just my opinion. As said numbers of times now, up to you you form your own opinion and act accordingly.
    Last edited by northernladuk; 22nd October 2019 at 17:57.
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  9. #29

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    Here we go again

    I have no idea on your personal circumstances, but I’m also a BA, and I’m quite likely to be at the same place.

    I’m backing my skill/experience and staying contracting. But I live in a good area for IT jobs, I have a war chest and I’m prepared to travel.

    Reading your post, I would take the permie job, and close down your ltd company. You have nothing in there so it will be closed in a few weeks and then the tax man won’t be interested.

    Keep an eye on the contract market after April 2020, and you can always start another company and come back in.

  10. #30

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    Quote Originally Posted by BABABlackSheep View Post
    Here we go again

    I have no idea on your personal circumstances, but I’m also a BA, and I’m quite likely to be at the same place.

    I’m backing my skill/experience and staying contracting. But I live in a good area for IT jobs, I have a war chest and I’m prepared to travel.

    Reading your post, I would take the permie job, and close down your ltd company. You have nothing in there so it will be closed in a few weeks and then the tax man won’t be interested.

    Keep an eye on the contract market after April 2020, and you can always start another company and come back in.
    Re: starting another company. If you close old company down without gaining any tax advantage via MVL/ER (e.g. no/low distributable profits retained, decision made to close company to reduce risk of retrospective investigation), would it be possible to open a new company in ~6months/a year if outside contracts become available?

    In the above example, company would be closed if current client made a 'policy' decision to force everyone via an Umbrella (no determination on status made). I am currently trying to determine the level of risk this would face of staying at the same client (offer of extension is likely, currently ends March) to ride out the storm of next year....

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