Godlike
Should post faster
They've really not thought any of this through have they? Talking to a manager form a previous client, they're now being hit from all sides and while the "job swap" idea is a great one in theory, it doesn't appear to be very practical.
- Quite a few contractors have given notice because there is no increase to day rates to help offset the loss in revenue.
- Some are being offered permanent positions but on "terrible" money - so they're going to leave.
- Many of those who had previously decided to stay through a brolly company have now changed their mind due to the coverage of the retrospective investigations over the last week or so.
- They had quite a few contractors in their team who weren't local - as the ability to claim expenses have also gone, they've also given notice.
- Some are obviously just taking it as a chance to retire or do something else.
Presumably, this scenario is playing-out at clients all over the UK, so where's it going to end? Apart from those with really niche skills, is it just going to keep driving rates down as there's going to be a lot of people out there who are desperate for the work and will just take whatever day rate is on offer? Clients will quickly get wind of that and take advantage of it?
With a much smaller contracting market, a lot of pass the parcel, chaos for a year or so, and then the dust will settle and we'll see the aftermath, which could be anywhere from much recovered to nuked from orbit (take your pick). I doubt it will recover to anything like the recent past though as most of these large companies have made policy decisions that will be hard to reverse.
Contractor Among Contractors
Contractor Among Contractors
Does going from out-IR35 to FTC invite the same retrospective exposure as going from out-IR35 to in-IR35?
Contractor Among Contractors
Does going from out-IR35 to agency FTC invite the same retrospective exposure as going from out-IR35 to in-IR35?
Work through what each is, how the contract moved to that and what comparisons exist and then give us your best guess so we can add comment where need be.
People need to understand what is going on and have a good chance of getting the right answer rather than just asking and continuing not to understand what is happening.
'CUK forum personality of 2011 - Winner - Yes really!!!!