Lloyd’s / Bank of Scotland / Halifax - IR35 choices

[northernladuk]

This.

I was working a public sector contract when they had the IR35 changes - I left, they realised they couldn't replace me with their outsourced IT supplier so they scrabbled around for a while trying different solutions before upping my rate to cover the additional tax.

The public sector won't want to pay more for contractors so will hopefully finally learn the difference between permies and contractors and be better at proper contracts and working practices.

You sure you got the last paragraph right?

[PCTNN]

You sure you got the last paragraph right?

I think he meant private sector. Public sector rates have been bumped up quite a lot for inside ir35 contracts (50% higher than usual rate, in my case).

About Lloyd's, I've got a mate who was contracting there but was offered a permanent role, which he took, more than 1 month ago. They mentioned, although unofficially, ir35 law change as one of the reasons.

[GhostofTarbera]

I think he meant private sector. Public sector rates have been bumped up quite a lot for inside ir35 contracts (50% higher than usual rate, in my case).

About Lloyd's, I've got a mate who was contracting there but was offered a permanent role, which he took, more than 1 month ago. They mentioned, although unofficially, ir35 law change as one of the reasons.

Tell him he is top of the HMRC hit list for previous roles within Lloyds - they have shared 10 years records with HMRC


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[PCTNN]

Tell him he is top of the HMRC hit list for previous roles within Lloyds - they have shared 10 years records with HMRC


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10 years? That seems quite a lot

[GhostofTarbera]

10 years? That seems quite a lot

Not really

State owed bank, easy target

Lloyd’s offered 20 years of contractors information of all contactors that have ever worked for the group 107854 contractors that they now say were inside IR35 and I believe some sort or bonus scheme (payback to Lloyd’s) is available for each contractor who is caught

There is also a list of contractors that turn perm ((3589 so far) that will go to top of zzzzlist




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[KinooOrKinog]

Not really

State owed bank, easy target

Lloyd’s offered 20 years of contractors information of all contactors that have ever worked for the group 107854 contractors that they now say were inside IR35 and I believe some sort or bonus scheme (payback to Lloyd’s) is available for each contractor who is caught

There is also a list of contractors that turn perm ((3589 so far) that will go to top of zzzzlist

Did Lloyd's not go back to being a private owned company a few years ago I thought? Irrelevant in this case though I suppose. I expect they'll be doing the same with RBS before too long so I better brace myself having worked with them in the past!

[cojak]

Did Lloyd's not go back to being a private owned company a few years ago I thought? Irrelevant in this case though I suppose. I expect they'll be doing the same with RBS before too long so I better brace myself having worked with them in the past!

Not really, if you were outside and haven't been back since it was legitimately made decision.

It's only those who have flipped from outside to inside who will be starting to sweat.

[sal]

Meanwhile smart companies that instead of knee jerking elect to pay a relatively small sum to the likes of QDOS will have the pick of the litter, leaving the dregs and permitractors to the likes of Lloyds and HSBC

I will give them 6-12 months until the first debacle a la TSB, before they reconsider their position.

[KinooOrKinog]

Not really, if you were outside and haven't been back since it was legitimately made decision.

It's only those who have flipped from outside to inside who will be starting to sweat.

Ah ok! Got it. I thought they'd be looking at everyone going back x years. I haven't been there since December last year so I'm hopefully ok then :-)

[BABABlackSheep]

Not really

State owed bank, easy target

Lloyd’s offered 20 years of contractors information of all contactors that have ever worked for the group 107854 contractors that they now say were inside IR35 and I believe some sort or bonus scheme (payback to Lloyd’s) is available for each contractor who is caught

There is also a list of contractors that turn perm ((3589 so far) that will go to top of zzzzlist




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You claim to have a lot of inside knowledge considering you don’t know that Lloyds paid back the last penny to the government in 2017. Most the government ever owned was 43%. Bailed out, largest shareholder, but not state owned.


You’re also claiming that Lloyds is encouraging investigations for payment..what a load of tosh.

Have Lloyds announced contractors are inside IR35? I think not. They will either say go permie or brolly only.

I’ve had a Lloyds contract. It’s was outside IR35 according to the specialists. Also the working practices in the department were clearly outside, including contractor only enforced breaks at Xmas..heck I heard this summer they gave contractors a few weeks notice of an enforced summer break! So many differences between contractor working practices there. Lloyds were very clear that contractors were treated as such and not permies. Very hard on this actually.

Posted elsewhere here. These large organisations, no way they can blanket everyone on past engagements. Scare mongering on here, no need for it and I’m starting to question people’s motives for doing so.