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More than a third of contractors (35 per cent) have left self-employment since the changes to IR35, either moving into permanent employment, retiring, working overseas or simply not working, according to recent research.
Four in 10 businesses impacted by recent changes to IR35 in the private sector have admitted they would approach the changes differently if given the opportunity. Meanwhile, nearly a third are already reviewing their strategy for managing the reform despite the changes only coming into force on April 6 2021.
The roll-out of the new IR35 rules in the private sector have contributed to 'the significant and rapidly deteriorating shortage of HGV drivers' leading to a potential failure of critical supply chain.