Proudly supported by inniAccounts. Switch now and get 3 months free accountancy. Learn more →


End client
Outside IR35 banned
Division: Global Markets
Joined the firm via a Consultancy firm who have a SOW to deliver on regulatory project work. I was told there is a blanket Ban on PSCs and the ban extended to contractors working for consultancy firms. I forced to move onto PAYE by February even though i only joined in Q3 2019 and take a 25-30% pay-cut. Not given the option to contest or challenge blanket ban. Feel Demoralized and heartbroken by this unethical approach. Later i find out HSBC is cherry picking which Project people to apply the blanket ban on PSCs as some are still working via PSCs. No consistency and completely unfair practices within HSBC
Posted anonymously
4 years ago

We're on a mission to promote transparency and the fair treatment of contractors, consultants and freelancers.

This site is community-driven, so we can't verify every comment and opinion shared here. Please apply your own rational judgement, and pay attention to our site rules.

This service is provided by Ltd, company 12411724, registered in England and Wales.
You'll find us at 1 Derwent Business Centre, Clarke Street, Derby, DE1 2BU. You can contact us at
Company logos provided by Clearbit and are the trademarked by their respective owners.