Resource solution

[bondboy203]

Newbie here however been silent reader of the forum for long time. Random question on Agency mentioned above. Number of contractors I know who are consulting for big banks have had their contract extended only Nov/Dec by RS. Anyone got a clue what they are up to or the changes planning to propose ? Their website talks about multiple options they are offering to their client for proposed IR35 change but nothing addressed to contractors. Last thing I want in this uncertain period is where RS enforcing me to join their umbrella in the last minute without giving much details or an option to do otherwise.

All I have got from RS so far is an email saying its business as usual and they are working with an end client to come up with "solution".

[GhostofTarbera]

Resource solution

They are about to declare everyone inside IR35 I would think


Sent from my iPhone using Contractor UK Forum (including past contracts)

[ladymuck]

This agency have most banks sown up and have a lot of clout. Their contracts, from what I've heard from friends who've worked via them, already sound like employment contracts so it would be no surprise if they deem everyone inside

[JoJoGabor]

I had a contract with RS a few years ago it was a pretty friendly towards IR35. They are probably jus tbeing careful not to commit to contracts past March to avoid confusion with the IR35 rules. I wouldnt read too much into it at this stage

[CompoundOverload]

I had a contract with RS a few years ago it was a pretty friendly towards IR35. They are probably jus tbeing careful not to commit to contracts past March to avoid confusion with the IR35 rules. I wouldnt read too much into it at this stage

Same - it had all the relevant wording required re Substitution / SoW et al. Also got it reviewed by a 3rd party which also deemed it outside (alongside WPs).

[ladymuck]

That's betterl. The ones I'd heard of included things like you must take 40 days leave a year, and defined working hours etc.

[CompoundOverload]

That's betterl. The ones I'd heard of included things like you must take 40 days leave a year, and defined working hours etc.

Anyone that signs one of those with that clause in, is well asking for it.

The only thing that was "questionable" was the notice period which was a month, everything else was fine and like i said, i had my accountant (not that this means much) and an IR35 specialist firm review it and all parties approved of it.

[CanPayButWouldRatherNot]

Anyone that signs one of those with that clause in, is well asking for it.

The only thing that was "questionable" was the notice period which was a month, everything else was fine and like i said, i had my accountant (not that this means much) and an IR35 specialist firm review it and all parties approved of it.

I am with RS and have a two notice period - also interested in this thread :-)

[oliverson]

I watched a 2 min video on LinkedIn yesterday where one of their directors was talking about the 6 options for IR35. Can't find it now but it's pretty much as per this link Resource Solutions - What are my IR35 options?


The only option that appealed to me was remaining outside IR35 and curiously this was option 6. The distinct impression I got was that this was the least appealing to Resource Solutions so I wouldn't be surprised to see them wanting to stick everybody on the payroll, option 1.

[ironmanjason]

I watched a 2 min video on LinkedIn yesterday where one of their directors was talking about the 6 options for IR35. Can't find it now but it's pretty much as per this link Resource Solutions - What are my IR35 options?


The only option that appealed to me was remaining outside IR35 and curiously this was option 6. The distinct impression I got was that this was the least appealing to Resource Solutions so I wouldn't be surprised to see them wanting to stick everybody on the payroll, option 1.

Sorry to be digging out an old thread - but I am contracted through RS with one of the banks and been told I either go as PAYE with them or no extension.. I don't mind being PAYE but they are not giving up any details on how the rates are calculated. From the onset it seems like they will deduct almost 47% of my daily rate and to be told there will be income tax deductions on top of that seems utterly pointless. Is there anyone else in the same boat who can share how it worked out for them?