Originally posted by eek
View Post
Though... no doubt agencies etc will have clauses in the contract along the lines of any such remedial fine or action by HMRC would have to be paid for by the contractor/consultancy business etc. The first PAYE contract that was sent my way (which I rejected altogether) had this in it. Plus, in my mind, with less "outside" engagements, it'll be easier for HMRC to see those who are outside and surely, even if the client has to pick up the bill this time, the fact they used your PSC for a service, doesn't that then open up your PSC further for retrospective investigation for contracts prior to the updated off-payroll legislation taking effect?
In addition, if you've been at the client say 1 year, 2 years, or whatever it is, even if the burden is now "on them", the time prior to April 2021 is on you/your PSC. When I did the calculation last year, based on a day rate of mid 500s, it worked out at approx £1k a month. So 18 months = £18K of tax to be paid.
Comment