FTC - Equivalent Day Rate FTC - Equivalent Day Rate - Page 3
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  1. #21

    Still gathering requirements...


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    What have I started?

    I have signed the new contract and starting work on Wednesday. Can the mods please archive this thread? Thank you!

  2. #22

    I Am Legend


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    Quote Originally Posted by MagicMovies View Post
    What have I started?

    I have signed the new contract and starting work on Wednesday. Can the mods please archive this thread? Thank you!
    Archive?

    Do you mean move to general?
    Fight HMRC now! Help sue HMRC individual officers/government ministers for malfeasance in office. Visit https://www.loanchargejustice.com/ and scroll to the bottom of the page to donate.

  3. #23

    Still gathering requirements...


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    Quote Originally Posted by BrilloPad View Post
    Archive?

    Do you mean move to general?
    Oh, nothing really. I was just wondering if all the disagreements was worth it as the question I had been adequately answered - i.e., you cannot do a comparison between FTC and day rates and hence politely indicating that this thread be moved to a hidden section...

    I now realise that the easiest way to do this would be to stop responding to this thread. :-)

  4. #24

    My post count is Majestic

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    Every thread where we try compare to complete different income methods like this end up this way.
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  5. #25

    Double Godlike!


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    Quote Originally Posted by MagicMovies View Post
    Oh, nothing really. I was just wondering if all the disagreements was worth it as the question I had been adequately answered - i.e., you cannot do a comparison between FTC and day rates and hence politely indicating that this thread be moved to a hidden section...

    I now realise that the easiest way to do this would be to stop responding to this thread. :-)
    Welcome to CUK; where people disagree when there's nothing to disagree on.

    FTC is, potentially, the new way of engagement for contractors. Your costs can still be ringfenced as part of a project, like your contract costs could be. Difference is that you now get holiday pay and you're not a contractor. You're an employee of client co; if they get discounts on stuff, you can do too. In fact, you get to behave completely the opposite to how you would if you were in an outside IR35 contract. Get along to the freebie team-building sessions, etc. You could well find yourself closing your company and just going with FTCs and umbrella companies for the long-term. Massive plus is that it saves a lot of hassle and means that whatever you get at the end of each month is yours to do with as you please, be that spend, save, etc.

    Don't get too hung up about the "good old days" of regular outside IR35 work - that's now gone for most. I think you're in a great position and can get on with closing your company and out of the way of HMRC who will be looking into those on inside contracts still come 2021.
    Last edited by Contractor UK; 28th June 2020 at 20:11.
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