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> Contracting made a bit more difficult, freelancing totally unaffected. That isn't true. It has made contracting a lot more difficult. I am in a number of fr
by EpicQuest_246 2y ago
> Contracting made a bit more difficult, freelancing totally unaffected.
That isn't true. It has made contracting a lot more difficult. I am in a number of freelancer groups and it has affected them. I have heard the same from recruiters, from freelancers, from people that run job boards.
> Every contractor I have ever met seems to know about umbrella companies
Most contractors run their own private LTD (like I did). They don't use umbrella companies because you are put on PAYE and you end up paying through the nose in tax.
Typically you get a third party to check a contract for you to see whether it falls under IR-35. I could do it myself, but I would rather pay someone to check it for me.
Many contracts will require you to have IR-35 "insurance" which feels like a scam, but it is required a lot of the time by the contract. This is in addition to PL and PI insurances.
- jimnotgym 2y agoStop conflating freelancers and contractors! Totally different rules.
- EpicQuest_246 2y agoI am not. There is no official government distinction between contracting/freelancing/consultant, see here: https://www.gov.uk/contract-types-and-employer-responsibilities/freelancers-consultants-and-contractors https://www.gov.uk/contract-types-and-employer-responsibilit...
- jimnotgym 2y agoThere is a distinction in the English language though
- EpicQuest_246 2y agoI am sorry but you were pretending through the whole conversation as if they were treated differently by HMRC when they aren't.