Today marks a Historic day; IR35 changes are enforced today will have an impact on contractors and self-employed workers across the UK in the Private sector.

Many freelancers and contactors argue that as uniquely vulnerable members of the economy - who do not receive statutory sick pay, holidays, maternity leave or any of the other statutory benefits that their employed counterparts enjoy - they should not be taxed in the same way as those in traditional employment.

✳ 60,000 businesses, 20,000 agencies and 500,000 contractors are set to be impacted by the new tax statute.

In a survey conducted at the start of the year amongst 3000+ contractors, 52 percent said that they were still yet to be assessed and 23 percent said their client had imposed a blanket ban on limited company contractors.

Hirers and contractors can work together to ensure their working relationship remains 'outside-IR35'

✅(1) Assess IR35 status comprehensively
✅(2) Ensure the contractual terms align with the relationship;
✅(3) Agree and sign a Status Determination Statement (SDS);
✅(4) Make sure the engagement operates in alignment with the original intent;
✅(5) Monitor and collate supporting evidence throughout the contract

#employmentlaw #contractors #freelancers #recruitment #ir35ready