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Will you still get paid on Friday if your umbrella company is sold? An adviser who’s been in the deal room sets out 10 questions to ask, now that JSL has made running an umbrella harder, and on the back of HMRC actively winding up umbrellas it suspects can’t pay.
Two senior solicitors share a debt-collection company with a director of West 28th Street. ContractorUK investigates the links and what they could mean for contractors seeking independent legal advice.
Before the chancellor even gets to his feet on October 28th, the UK mortgage market is already pulling in two directions. Yet for contractors, the headline rate tells you little — just like how much point there is in approaching your current lender for the best deal, which could be as significant as £1,430 a year on a £200k loan; that’s a mere 1%.
A long-promised government consultation on employment status could protect vulnerable workers without undermining genuine contractors. But officials leave inside IR35 contractors outside, warns former Treasury employment status adviser Rebecca Seeley Harris, meaning those taxed as employees with zero rights have until January 8th to speak up.
Despite being far from comprehensive, new employment status proposals could still help more than 900,000 people. But weakening Substitution to get there risks undermining outside IR35 contractors’ defences and skewing IR35 assessments — all in the name of making good unpopular ‘gig economy’ tribunal defeats.
Workers’ rights, not tax, look set to reshape UK contracting under Labour — a prospect my chat with chancellor John Healey reinforced. This month’s Autumn Budget may be just the start.
