So I'm gonnatalkaboutour 35 thebasicconceptandhowitaffectsyoucontractorsonpossiblysomefreelances.
It's thefirstquestion, really, iswhatitis.
I are 35.
It's bandedaround a lot.
There's a lotonGoogle.
It's a lotoftalkaboutit, a lotofnoiseabout 35 infact, recentlythenoiseabout 35 rampedupasactually, it's inthepublicdomain, and a lotoflegislationhasnowbeenpassed.
Butletmetakeyoubacktothebasicconceptsandthefundamentalsof I 35.
In a nutshell.
Are 35 is a pieceoflegislationthatwasconcoctedbyHMRCandthegovernmentwaybackin 1999 2000.
Soit's beenaroundfor a very, verylongtimeonDDEinitsmostpuristsandfundamentalofform.
Whatisittryingtodo?
A liar 35 istryingtodoisassesscontractorsandfreelances.
Areyouindependentenoughtobeabletocallyourself a contract a freelancerfor a particularclienton, actually, thenoperateoutsideof I 35?
Orareyoujust a disguised.
Imploreyousoinsubstance.
Areyoudoingexactlythesameasyouwould a permanentemployeeoranequivalentPermanentemployees?
I givennoticetosortofcouncil, orshallwesay, getouttheirpermanentcontract?
AndtheywerecomingbackontheMondayinmanyinstances, a lotoftheminthesameroleforthesamecompanythattheyhadleftontheFridayonthattheywerecomingbackislimitedcompanycontractors.
Whatweoftenfoundisinsomeinstances, somecontractorsandfreelancersweregettingpaidupto 40% MaurWhen I'vebeengettingpaid, I mean, intermsof a combinationoftheirgrossincomeontheirtake, homepaywasmakingthem 40% betteroffthan a equivalentpermanentemployees.
Andagainthewaitingandtheindicationstowardsgivingmoreinsideof I 35 startstogrowandobviouslybydiversityinthegates, thenextoneisprovisionedforequipmentnowprovisionedforequipmentisit's been a lotofdebateaboutthisone, andit's quitearguably.
It's thejudge, andthecourtswouldhavethefinalwordafterhearingalltheevidenceandconsuminganyevidenceastowhetherpercontractperKlein, yourcompanyorthatparticularprojectassignmentisinsideoroutsideof I 35.
Sotheimportantthingtoknowis, evenifyouaredeemedinsideof I 35 for a particularcontract, thatdoesnotnecessarilymean, andthisisassumingyou'rerunning a limitedcompany.
From a legalpointofview, itiseitherambird, whichmeansit's it's verymuchinthebalance, orit's goingtogetyourself a red, whichmeanswell, youknow, accordingtothewordingofyourcontract.
Ifthisevergottestedin a courtoflaw, thenyouknowyouaremostlikelygoingtobedeemedinsideof I 35 sowellworth a smallinvestment.