IR35 Public Sector.
Following the article on the Interimconnect site what are your comments on how IR35 for interim managers operating in the Public sector, though a Personal Service Company (PSC) should address the new IR35 regulations due to come into force in April 2017?
If the Public Sector organisation you are engaged for determines you are within scope of IR35 you will be very likely to worse off in terms of net income.
These are some of my thoughts:
A) Just accept that you will now have PAYE and NIC deducted at source from your fees. I.e. you are grateful for an assignment.
B) Negotiate a higher daily rate to compensate for the loss of income.
C) If your skills are transferable move to the Private Sector.
D) Consider operating through an umbrella company which may have some advantages.
E) Consult your tax accountant
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