Originally posted by jamesbrown
View Post
- Visitors can check out the Forum FAQ by clicking this link. You have to register before you can post: click the REGISTER link above to proceed. To start viewing messages, select the forum that you want to visit from the selection below. View our Forum Privacy Policy.
- Want to receive the latest contracting news and advice straight to your inbox? Sign up to the ContractorUK newsletter here. Every sign up will also be entered into a draw to WIN £100 Amazon vouchers!
End of IT contracting this June?
Collapse
X
Collapse
-
"You’re just a bad memory who doesn’t know when to go away" JR -
Originally posted by DotasScandal View PostIt will never be allowed to crash. Carney will see to it (even if it means devaluing the pound like there's no tomorrow).Comment
-
But the 64 million dollar question is, as the article asks, will Hammond and May roll out the public sector iR35 changes to the private sector?Comment
-
Originally posted by Craic View PostBut the 64 million dollar question is, as the article asks, will Hammond and May roll out the public sector iR35 changes to the private sector?
The justification will be that the Government has identified an "unfairness" (of their own making, but never mention that...) due to the difference of treatement of contractors between the public and private sectors.
Cue announcement that the changes will now be applied to the private sector in order to "level the playing field" - taking effect at the time of announcements (shock & awe method).
A long campaign of retrospective investigation by HMRC will follow to look into the affairs of those who suddenly found themselves "inside" courtesy of "the tool". A "Guilty by default" approach will be adopted, a la APN.
Trust that anything that's not nailed down will be looted.
Cause, you know..."the country needs money" (David Gauke).Comment
-
Originally posted by DotasScandal View PostThey will try - 100% certain.
The justification will be that the Government has identified an "unfairness" (of their own making, but never mention that...) due to the difference of treatement of contractors between the public and private sectors.
Cue announcement that the changes will now be applied to the private sector in order to "level the playing field" - taking effect at the time of announcements (shock & awe method).
A long campaign of retrospective investigation by HMRC will follow to look into the affairs of those who suddenly found themselves "inside" courtesy of "the tool". A "Guilty by default" approach will be adopted, a la APN.
Trust that anything that's not nailed down will be looted.
Cause, you know..."the country needs money" (David Gauke).
Though I wonder, how did/will HMRC treat the PS contractors who had a Ltd Co with retained profits? Will those contractors be allowed to keep using the same Ltd, but with all post-April invoices being subject to PAYE?Comment
-
Originally posted by ChimpMaster View PostI know there is a vein of humour/sarcasm in there but - for once - I don't think the government will or could make this change retrospective, else they would have done it to the PS contractors. Though I agree, this country is well and truly on the road to disaster in this respect.
Though I wonder, how did/will HMRC treat the PS contractors who had a Ltd Co with retained profits? Will those contractors be allowed to keep using the same Ltd, but with all post-April invoices being subject to PAYE?The greatest trick the devil ever pulled was convincing the world that he didn't existComment
-
Originally posted by ChimpMaster View PostI know there is a vein of humour/sarcasm in there but - for once - I don't think the government will or could make this change retrospective, else they would have done it to the PS contractors.Comment
-
Originally posted by ChimpMaster View PostWill those contractors be allowed to keep using the same Ltd, but with all post-April invoices being subject to PAYE?
Keep the company if you want to, or look to close it down to move the money into your pocket rather than the company, but I don't expect there will be an option to work in public sector via your own limited company by this stage next year because there is so little incentive for the agency to deal with you this way.Comment
-
This is all conjecture and we know nothing for sure yet.
Whatever happens, those of us who are genuinely in business on our own account will adapt to change, and we will survive. We may be worse off, we may have to tighten our belts, but we will survive. It will be ok. The sky will not fall.Comment
-
Comment
- Home
- News & Features
- First Timers
- IR35 / S660 / BN66
- Employee Benefit Trusts
- Agency Workers Regulations
- MSC Legislation
- Limited Companies
- Dividends
- Umbrella Company
- VAT / Flat Rate VAT
- Job News & Guides
- Money News & Guides
- Guide to Contracts
- Successful Contracting
- Contracting Overseas
- Contractor Calculators
- MVL
- Contractor Expenses
Advertisers
Contractor Services
CUK News
- Streamline Your Retirement with iSIPP: A Solution for Contractor Pensions Sep 1 09:13
- Making the most of pension lump sums: overview for contractors Sep 1 08:36
- Umbrella company tribunal cases are opening up; are your wages subject to unlawful deductions, too? Aug 31 08:38
- Contractors, relabelling 'labour' as 'services' to appear 'fully contracted out' won't dupe IR35 inspectors Aug 31 08:30
- How often does HMRC check tax returns? Aug 30 08:27
- Work-life balance as an IT contractor: 5 top tips from a tech recruiter Aug 30 08:20
- Autumn Statement 2023 tipped to prioritise mental health, in a boost for UK workplaces Aug 29 08:33
- Final reminder for contractors to respond to the umbrella consultation (closing today) Aug 29 08:09
- Top 5 most in demand cyber security contract roles Aug 25 08:38
- Changes to the right to request flexible working are incoming, but how will contractors be affected? Aug 24 08:25
Comment