Just asking (for a friend naturally)
The contractor has to prove to a prospective client that they pay Tax and NI through their own company otherwise they'll get taxed at emergency rates until you can prove it..? What if the client decides that your proof is not good enough? You end up paying double tax and NI. Brilliant if you don't mine me saying so.
It is little wonder that the Indian Consultancies are bringing more and more people over to do the work that we'd have done in the past. Obviously IR35 does not apply to them now does it. Companies will take the easy way out.
Who'd be in IT these days eh?
So glad I got out of the whole emplyment game in 2016