IR35 will multiply tax avoidance and increase business costs

The chorus of disapproval from accounting and tax experts continues over Chancellor Phillip Hammond’s budget decision to impose public sector-style IR35 reforms on the private sector, Director Of Finance magazine reports, with warnings that they will drive accountancy costs for processing contractor payments up by 10%. Under the new rules, all medium-sized and large private businesses will, as [...]

More experts respond to private sector IR35 extension

Following the Chancellor confirmation in this week’s Budget that IR35 reforms will be rolled out to the private sector, the common verdict emerging from experts representing the staffing and professional contracting industries is that he was right to defer the reforms until 2020, but wrong to proceed with them in the first place. The Association of Independent Professionals and the Self Employed [...]

APSCo – uncertainties ahead for permanent and contracting professionals

New survey data from the Association of Professional Staffing Companies (APSCo) suggests that Brexit-related uncertainties among UK hirers are stalling vacancies in the professional jobs market for both permanent and contingent/contracting talent. While there was a year-on-year growth of 9% in permanent placements in September 2018, professional recruitment firms participating in the survey [...]

Parliamentary Committee slams BBC’s ‘disgraceful’ handling of IR35

The Department of Culture, Media and Sport Committee has sharply castigated the BBC for forcing staff to work through personal service companies. The influential Parliamentary Committee also recommends that the corporation should now offer compensation to the affected presenters, some of whom are facing tax and NIC bills of hundreds of thousands of pounds. The Committee’s report (BBC Annual [...]

Employers turn to contractors as economic confidence plummets

Despite plummeting confidence over prospects for the economy amongst British employers, their confidence about proceeding with investment and hiring decisions for both permanent and temporary/contracting staff remained in positive territory this month, the latest JobsOutlook survey from the Recruitment and Employment Confederation (REC) reveals. Between September and October 2018, the net [...]