I was wondering if UK contractors have been successful finding clients who fall under the Small Business Exemption.
As a reminder, there is a windor of opportunity in the forthcoming Off-Payroll Worker rules (5th April 2021), where a client does not have to supply a SDS if they fulfill 2 or 3 criteria for two consecutive tax years. (Yes. Read it again for clarity.)
Reference: IR35: the small company exemption - everything off-payroll contractors need to know
For me, I would love to find a small business exempt client or opportunity, however I am not seeing these at all so far. It looks to me at the time of writing, I might be returning to permanent full time work for the short to middle-term. I also think many startup clients don't know there is about to be a durth of talent on the market appearing in the next couple of months. They also are not thinking of the "leg-up" that they could get and the hiring advantage they would have over their bigger competitors.
If your news is different on SBE clients, anyhow, please chime in here on this new thread.
As a reminder, there is a windor of opportunity in the forthcoming Off-Payroll Worker rules (5th April 2021), where a client does not have to supply a SDS if they fulfill 2 or 3 criteria for two consecutive tax years. (Yes. Read it again for clarity.)
- Annual turnover is less than £10.2 million
- The business has up to 50 employees (and it must be wholly own by itself and it has no parent companies)
- Balance sheet total of £5.1 millon
Reference: IR35: the small company exemption - everything off-payroll contractors need to know
For me, I would love to find a small business exempt client or opportunity, however I am not seeing these at all so far. It looks to me at the time of writing, I might be returning to permanent full time work for the short to middle-term. I also think many startup clients don't know there is about to be a durth of talent on the market appearing in the next couple of months. They also are not thinking of the "leg-up" that they could get and the hiring advantage they would have over their bigger competitors.
If your news is different on SBE clients, anyhow, please chime in here on this new thread.
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