Just received an email stating the law firm is going to assess my IR35 status and outlined the steps to appeal if I disagree.
Just finished my first year contracting. Definitely late to the party and now faced with going back perm and losing half my salary. I am doing project based work and hope to stay outside. I am setting up a website and trying to act more like a real business, I am also trying to take on more work at the same time. Through sites like Upwork and similar.
Crazy thing is, if I go back to perm at a law firm i will go from sending £50k in taxes including VAT to HMRC and corp tax and personal tax, to less than £20k including national insurance. Remind me again how this war on contractors is going to generate more tax revenue for greedy HMRC?
Just finished my first year contracting. Definitely late to the party and now faced with going back perm and losing half my salary. I am doing project based work and hope to stay outside. I am setting up a website and trying to act more like a real business, I am also trying to take on more work at the same time. Through sites like Upwork and similar.
Crazy thing is, if I go back to perm at a law firm i will go from sending £50k in taxes including VAT to HMRC and corp tax and personal tax, to less than £20k including national insurance. Remind me again how this war on contractors is going to generate more tax revenue for greedy HMRC?
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