The All Things IR35 Related Thread

[NVP]

It'll be ten years to the day tomorrow that I'll have been contracting to the same place, the only place other than warehouses and coop I've ever worked.

We've not been given any info from anyone about how IR35 is going to be implemented, so far I've just been sitting back but I've heard from someone senior that RBS have said they will not comply which, if true, is promising for my industry.

Has anyone heard or been told anything regarding their own?

 

[NVP]

That's all I've been told. If everyone says **** em, they'll have to review the law before April 2020

 

[NVP]

and RBS don't assess you

I don't work for RBS.

 

[NVP]

That's not what I meant. I work for a better Bank but I was informed this about RBS (...my industry...)


Edit: Oh wait, got ya! d'uh!


I can't really respond to your post because you are basically just saying no, not possible it's going to be this way.

 

[NVP]

Because money makes the world go round. Banks got money.


I have no real details, just enthusiasm for a decent outcome for myself.

 

[NVP]

Unfair something or other?

 

[NVP]

They are still a bank at the end of the day. Well, half a bank. Fingers crossed

 

[NVP]

I understand the reason it was implemented in the public sector, but that reason can go do one where the private sector is concerned.

 

[NVP]

Haha! Say what now? Please.

I am waiting for my company to advise me regarding my future with them. Whether that continues as a contractor or I am made permanent. I have no need to seek legal advise, I have been here 10 years and know I am safe.

Edit: misread the accountant for legal advise but you get the gist.

lends weight to the fact that you aren't a contractor

Just **** off with that **** right now you silly man.

 

[NVP]

What's going on? No relevance to the thread.


And calm...

Erm, "my company" you mean the client company, an umbrella company or your own limited company?

Trust me give me another ten years I'll call it my company

 

[NVP]

Okey dokey.

Listen, any real contractors out there working for banks heard anything from the higher ups at all?

Thank you.

 

[NVP]

Yeah that's pretty much the first and only thing we've been told - but all it does is make it even harder for a uk contractor within the banking industry to find another job.

If they need rotatable contractors as and when they'll go to ICT or Cap Gemini or any of the other Indian companies. But then they've lost the knowledge.

 

[NVP]

Tell them that, I don't care as long as my wedge doesn't shrink. Actually I do, I can't stand giving performance reviews every year etc, so to be a permie and actually sit one myself? No thank you.


I would have thought there would be loads of IT contractors who work in banking on this forum. Lame.

 

[NVP]

Better get either used to doing your performance reviews every year, or go via an Umbrella company which will mean your wedge shrinks quite a bit.

Looking like the only way... unless we fight the power! LOOOL or my bank figures out a way of swapping internal companies every 6 months or whatever... plausible?

Personally couldn't imagine anything worse than working in banking or financial services - there's much more interesting sectors and probably better paid too.

Only industry I've worked in and built up quite a large knowledge base across many areas due to my involvement in the consolidation of other bank purchases over the last ten years. I don't really find it interesting, it is quite dull and easy, I started simply by joining a project which was merging two banks credit cards systems together, on a 3 month contract fresh out of uni pretty much - turns out I'm a natural compared to most the dinosaurs cashing in their daily and that's why I'm going strong after 3.5 more purchases, working across multiple UK sites with the odd European and American stints. That is also why I am aiming for director of IT within another 10 years fingers crossed. I'm good at what I do.

Also aren't you a little ray of sunshine

 

[NVP]

If you've spent 10 years in the same place then you ought to have made yourself pretty valuable/useful.

Ding ding we have a winner The key to contracting, I learnt that from the older English folk when I first started. Knowledge is power, and keep it to yourself.

They're potentially opportunities to make more $$$ and/or gear up to promote.

Man you should see this curve BS we have to conform too. Ridiculous.

I guess it depends, I get that some people would rather not progress vertically and want to instead deepen their technical skillset in which case contracting makes sense, but often you'd want to move around too if doing that?

You can completely play the game as a contractor, in my industry anyway. Until you need to be a salary man (stole your term )

 

[NVP]

now no more about me please, sorry it has gone off topic - let's keep this about IR35 and any info people hear/want to share.

 

[NVP]

Well that's not nice is it.

 

[NVP]

If you are working 100% on projects, i suggest that you get your contract amended so it has deliverables in rather than a standard 9-5 contract

Thank you

 

[NVP]

They're 12 month contracts but I will see what my agency say too, even my big boss is a contractor so I think it's in everyone's interest. Thanks for the advice on insurance too, I will look at it today much appreciated.


Rumour today is it'll be postponed a year.

 

[NVP]

Will they look into old Ltd's?