Reply to post: Re: FTFY

HMRC: We 'rigorously tested' IR35 tax-check tool... but have almost nothing to show for it

Electronics'R'Us
FAIL

Re: FTFY

Citation needed.

The extra tax HMRC want (but are usually not entitled to) is the liability of the hirer, not the contractor (do try to keep up). Contractors with their own companies pay broadly the same percentage of income in taxes as regular employees anyway.

Yes, we get paid more on many (although definitely not all) occasions, but then we don't get paid holiday, sick time or other employee protections. Contractors are often a far more efficient use of company money as we get pulled in for a specific job for a relatively short amount of time and a full time employee would actually cost a company more money.

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