IR35 reform pushed back

[escapeUK]

Tbh when I heard about the delay my thoughts are that this is a stay of execution like last time but next time will be even more tricky as too many contractors will fall into the old trap of been complacent.

It really falls down to what cojack said (paraphrasing slighty) about much risk contractors are prepared to take and I say that staying in the same gig where end clients have declared inside and then chickened out last moment (with the announcement of a delay) and offering for the contract to still remain outside via ltd doesn't bode well for anyone who realises how much risk they are carrying.

My two pennies are market now has had a wake up call and time for contractors to find proper outside ir35 gigs.

You seem to be looking at it through the rose tinted spectacles that the economy and society will go back to normal. I'm not sure it will, maybe in 10 years time.

I expect lots of businesses to go under, the High Street (which was struggling anyway) to be totally gone. A bank run wouldn't surprise me. I suspect the gov of the day might have more important things to focus on than if the few contractors who manage to still get any work at all are inside or outside.

[Glencky]

If anything tells us just how serious of a national crisis COVID-19 is, this is it, folks.

[northernladuk]

No - the individual may now determine that they are not

Oh wow... You don't see what's wrong with thst statement at all? Nothing? Jesus.

[northernladuk]

But that has changed with some clients because they've made blanket determinations to cover their own ar$es.

I've done work for this client before when I was on an outside contract. The work I'm here to deliver now would still have been treated as outside, but not any more.

Which will happen again and you'll have an extra year of penalties to worry about when it happens again.

[Agent]

Which will happen again and you'll have an extra year of penalties to worry about when it happens again.

What makes you so certain about this?

It's unchartered waters at the moment and you're talking like you're the all seeing Oracle?

There's a full 12 months before the changes will now apply, and no doubt the possibility of a further delay with possible changes to the legislation to come. For now the Government have simply delayed the date but kept the bill the same but this is the government we're talking about, nothing is certain.

In all honesty, I think more people are worried about surviving the next 12 months and less about the possible tax bill that may follow in 1-2 years. Perhaps that's short sighted but if it's bankruptcy in 24 months or £0 income right now then I know which most people would choose.

Perhaps you are fortunate enough to have the warchest to get through the next 12-24 months but I can guarantee many don't and this delay to IR35 will hopefully be a lifeline to many people who were in a very dark place, concerned about how they could survive the next 3 months let alone the next year.

I look forward to your all knowing and likely sarcastic and unhelpful reply.

[Cookielove]

You seem to be looking at it through the rose tinted spectacles that the economy and society will go back to normal. I'm not sure it will, maybe in 10 years time.

I expect lots of businesses to go under, the High Street (which was struggling anyway) to be totally gone. A bank run wouldn't surprise me. I suspect the gov of the day might have more important things to focus on than if the few contractors who manage to still get any work at all are inside or outside.

I tend to agree with escapeUK...things are now in such a mess! Surprised that they are cancelling as it was supposed to generate more in tax the new reforms...so it doesn't quite stack up...they were out to get the little people more like!! smile

[escapeUK]

Which will happen again and you'll have an extra year of penalties to worry about when it happens again.

Your posts smack of a permie who doesn't like people avoiding taxes that they are forced to pay. Curious as to what your current employment / contracting situation is? It might help put your advice into context.

I tend to agree with escapeUK...things are now in such a mess! Surprised that they are cancelling as it was supposed to generate more in tax the new reforms...so it doesn't quite stack up...they were out to get the little people more like!! smile

Did you read the post on what the house of lords said about it? It was pretty damning. I linked to it in an earlier post.

[JPC]

Utter b..ox

So Jim Harra and his bitter under-paid Civil servants have got their way, waded in and threatened all the big corps 'Contractors will be a huge tax liability on you so i'd act now before we come for you', watch the panic ensue as they are all offloaded (most) and the rest bottle it by insisting every new contract is inside IR35, and that's how it will continue now because they've already left their calling card.

So now they've walked away leaving the market in a sh't state, few contracts with many out of work contractors fighting over. Well done HMRC you must feel proud at the moment hence you've 'let us have a years grace'... no you haven't you've seen the damage you've caused, hoping its left many of us out of pocket and suffering, and are happy for the moment to resort to mind games of 'we may be back sometime'.

Its never been anything but bitterness that some of us are willing to work harder, be more specialised spend more(of our own money) on certification, stay healthy to ensure we minimise sick days, all this to ensure our renewals are approved, it's a completely different game to a perm employee with different rewards. Obviously none of this is recognised in the HMRC offices because they have far too much time sitting about moaning about people like us without actually doing any research because i guess that demands effort, working hard and a specialised understanding, which is why i guess they are there. The damage is done now.

What needs to change now is an equal body that stops the rampant bullying from these people with their legality avoidance retrospective magic card.

[Cookielove]

Your posts smack of a permie who doesn't like people avoiding taxes that they are forced to pay. Curious as to what your current employment / contracting situation is? It might help put your advice into context.



Did you read the post on what the house of lords said about it? It was pretty damning. I linked to it in an earlier post.

Hi escapeUK no i didn't see it i will have a look...this whole thing has been a shambles am just relieved it has been postponed for now

[ascender]

Which will happen again and you'll have an extra year of penalties to worry about when it happens again.

Penalties?

My issue is that I could have continued to run my contracting business as I have done for the last 20 years or so. But due to these changes I've been forced to wind things up and take an inside role because of this tulip show of a legislation.

I'm also not sure how postponing things now, after most of the damage has been done will help the majority of contractors out there?