Reply to post: Re: Its about keeping the loophole open..... for the rich

Industry reps told the UK taxman everything wrong with extending IR35. What happened next will astound you

d3vy Silver badge

Re: Its about keeping the loophole open..... for the rich

"Companies in the UK are given a very beneficial tax treatment. Wanting the same tax treatment themselves contractors looked at the law and saw becoming companies was sensible."

Actually, for liability reasons you'll struggle to find a company that will engage sole traders..

You'll also struggle to get insurance as a sole trader up to the amounts required to work for some clients.

Finally, If I was contracting as a sole trader, fucked up and got sued I'd rather not loose my house...

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