https://www.freelanceinformer.com/news/contractor-loan-scheme-scandal-mp-calls-for-inquiry/?utm_source=rss&utm_medium=rss&utm_campaign=contractor-loan-scheme-scandal-mp-calls-for-inquiry Empowering the Freelance Economy Mon, 25 Mar 2024 09:55:32 +0000 hourly 1 https://wordpress.org/?v=6.7.1 https://www.freelanceinformer.com/news/contractor-loan-scheme-scandal-mp-calls-for-inquiry/#comment-6932 Mon, 25 Mar 2024 09:55:32 +0000 https://www.freelanceinformer.com/?p=20609#comment-6932 IR35 is a total disaster. It’s a rip off. You simply get fleeced by the Umbrella Company. It is simply not viable to work through IR35. By the time the Umbrella Company has creamed off their money, you might as well stack shelves in a supermarket. Some of the date rates quoted are an absolute joke once they have taken their cut. If a job sits inside IR35, I won’t take it. What on earth is the point of being a contractor with all the risks and costs associated with it if you are worse off than a regular employee? Also, HMRC are totally unable to fathom the correct tax if you have a hybrid year: working legitimately through a Ltd company; ( forced) umbrella and potential a Fixed Term contract. Just SCRAP IT.

]]> https://www.freelanceinformer.com/news/contractor-loan-scheme-scandal-mp-calls-for-inquiry/#comment-6834 Fri, 22 Mar 2024 20:04:25 +0000 https://www.freelanceinformer.com/?p=20609#comment-6834 Really well said Dave Chaplin! Hopefully government listens and ditches IR35, before HMRC forceful politics of policing completely destroys freelance economy.

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