Exodus of public sector contractors confirmed

A new study has supported findings from an earlier survey by contractor tax advisory company Qdos Contractor that large numbers of contracting professionals in the public sector are preparing a mass exodus to the private sector following the introduction of new IR35 rules in April. Twenty-five per cent of the public sector contractors polled by Harvey Nash Recruitment Solutions said that they [...]

FCSA gives qualified welcome to amended IR35 rules

The publication of the Government’s Finance Bill earlier this week has been welcomed by Umbrella Company trade association the Freelancer and Contractor Services Association (FCSA). The Bill contains some significant amendments, which have now been endorsed by both the FCSA and the Association of Recruitment Consultancies (ARC). Both organisations expressed measured satisfaction that HMRC has [...]

Brexit boosts IT contractor pay as bidding war beckons

A new study from accountancy company Nixon Williams has found that Umbrella Company Employees and other contracting professionals specialising in IT are benefiting significantly from higher pay rates and longer contracts following the Brexit vote. The UK electorate’s decision to exit the EU may have sent shockwaves through the economy, but IT contractors are emerging as beneficiaries of the [...]

NICs U-turn welcomed by contractors and recruiters

Industry experts drawn from the staffing industry and the professional contracting community have given a qualified welcome to Chancellor Phillip Hammond’s announcement this week that his proposed two per cent hike in Class Four National Insurance Contributions will be suspended. The chorus of condemnation from industry experts about the tax hike for self-employed workers, which include many [...]