Unfair IR35 assessment
When the original assessments were being considered I was advised that they would assess each situation on its merits. However, my understanding now is that virtually every role is now PAYE only with a very select few that are being considered outside PAYE. My role is now deemed inside IR35. Due to the current market many contractors like myself are having to accept the status quo.
I understand that as auditors and working in a heavy regulated market, KPMG is choosing the position of least risk. However, what would make sense would be for KPMG to adjust the day rates. An average contractor rate is loaded with all the elements of risk that a contractor has to be absorb (sickness, pension, training, holiday, unforeseen absence, bench time) yet the rates KPMG is offering is on par with a permanent salary which comes with it all these other benefits on top of the salary. Therefore contractors are financially worse off than a permanent member of staff. However, the madness is that KPMG still wishes to retain the flexibility of a contractor workforce. It is the individual contractors that are now absorbing these risks - not government, nor KPMG.