4 ms·

This is a great perspective and resonates a lot for me. Curious though, to hear your thoughts on the incoming off-payroll legislation and how you feel it will

• harel 7y ago
  We've just been talking about this yesterday and today in the client's office, where most of us are contractors. It's an agency, most tech staff is on contract, the client is a government body where almost everyone there are contractors because gov pay is low and nobody will take the work on their PAYE rates. Spoke to my accountant who told me this whole IR-35 malarkey is under review at the moment and might or might not happen come April. He made a good point regarding IR-35 "insurances" saying that they are only offered because the chance of being hit by HMRC for that are slim to none which is why they are passing the buck to the clients. The problem is not HMRC vs the Contractor but now HMRC scaring the clients from hiring contractors. Another friend told me his current client wants them all inside IR-35 which means a mass contractor exodus. He also told me banks are cutting the contractors as well. The problem for banks is that a LOT of their tech staff are contractors at high rates. To be perfectly honest, I'm concerned to a degree. Both for contractors like me, and to clients who rely on contractors - come April, if this is not retracted, there will be a mass shortage of hands. Being inside IR-35 is like being PAYE without benefits and PAYE pay is significantly lower than contract one. This is quite a problematic situation.