As many as 55% of contractors don’t believe their client is ready for the recent IR35 changes, with 69% saying they would leave or charge a higher fee if they were deemed inside.
The Kingsbridge research surveyed over 2,700 contractors and found that only 14% said that they would accept and continue working for their client should they fall inside IR35.
These reforms will only add to the struggles for so many of the UK’s self-employed, with the report also revealing that 70% of contractors have gone without government support throughout the pandemic so far, suggesting that a significant proportion of the flexible workforce could soon be lost to employers.
Thinking of appointing Dolan Accountancy?
Give us a call on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
Email JaimeAndy Vessey, Head of Tax at Kingsbridge, said, “The findings of our survey are quite alarming reading for employers who want to continue attracting highly-skilled and flexible contractors after the deadline. It’s clearly been a difficult year for contractors, with the combined effects of Covid-19 and Brexit already weighing heavily on their shoulders, and IR35 is yet another challenge to contend with.
“IR35 reforms can seem complicated and troublesome for end-clients who have new responsibilities and liabilities under the rules. However, if the legislation is understood, enacted fairly and communicated effectively, then contractors will be able to keep working in the way that they want to and end clients can prove that they are employing them legitimately and legally outside IR35.”
To find out more about contracting please contact Jaime on 01442 795 100 or email jaime.thorpe@dolanaccountancy.com.
Trusted by over 1,000 contractors |