Re: I'm sure I'm missing something but...
...you missed the bit where the contractor is his own agent, hiding behind a company. The whole scheme is about NOT paying wages so nothing would change, said company owning contractor would carry on relabelling his earnings as lower taxed company dividends.
To work there has to be a new employer-employee relationship somewhere that can be taxed and that has to be your end client as the employer because your agent (youselft) has no reason to pay you more than minimum wage as an employee.
Biting the hand that feeds IT
