I’ve seen endless items which rehearse the pass the parcel of who holds the PAYE obligation under the new IR35 rules, but very little that talks of the impact on contractors themselves.
As I understand it, if I work through my own limited company, I’m caught and my earnings have to be payrolled by the client. This applies whether my company is paid directly by the client, or whether there is a recruiter in the middle. Have I understood correctly?
Given that the client has to make the determination of whether a worker is inside IR35 (and is the one on the hook if they get it wrong), most contractors will have little room for manoeuvre. As has been reported for the public sector, more or less everyone will be paid less PAYE/NI.
Or has anyone any different experience?