Our website uses cookies to store information on your computer. You may delete and block all cookies from this site, but parts of the site will not work as a result. Find out more about how we use cookies.
(Do not show this message again)
Shout99 - News matters for freelancers
Search Shout99 - News matters for freelancers
(Advanced Search)
   Join Shout99  About Shout99   Sitemap   Contact Shout99 21st Aug 2017
Forgot your password?
Shout99 - Freelancers, FO35, Section 660
New Users Click Here
Shout99 - Freelancers, FO35, Section 660
Shout99 - Freelancers, FO35, Section 660
Front Page
News...
Freelancers' Shop...
Ask an Expert...
Letters
Direct Contracts
Press Links
Question Time
The Clubhouse
Conference Hall...
News from Partners
Accountants

Login
Sitemap

Business Links

Shout99 - Freelancers, FO35, Section 660

Freelancers' Shop

Personal Financial Services
from ContractorFinancials

Mortgages

Pensions

ISAs

Income protection

... and more special offers for Shout99 readers in the Freelancers' Shop

Shout99 - Freelancers, FO35, Section 660
  
Shout99 - Freelancers, FO35, Section 660

News for the
Construction Industry

Hardhatter.com - News for small businesses in the construction industry

Powered by
Powered by Novacaster
Advertisement
Shout99 Jobs

Private sector IR35 reform rumours are top concern
by Susie Hughes at 10:48 01/08/17 (News on IR35)
Rumours surrounding potential reform to private sector IR35 currently sit as UK contractor’s biggest concern, according to recent research.
Following April’s changes to IR35 in the public sector, murmurs now surrounding the future of IR35 in the private sector are having a negative impact on contractors.

A survey from tax adviser Qdos Contractor showed:

  • For 48 per cent of contractors, rumours surrounding private sector IR35 reform are their number one business concern
  • 18 per cent of contractors are most concerned by competition for contracts
  • 17 per cent are most worried by the lack of support for the self-employed
  • 10 per cent are still feeling most concerned by recent public sector IR35 reform
  • seven per cent listed ‘other concerns’, which included Brexit, declining rates and issues surrounding scaling up as a business

While the largest group of contractors (36 per cent) revealed they would not be deterred from working independently should private sector reform rumours be confirmed;

  • 33 per cent would consider employment
  • 19 per cent would consider a different career to contracting
  • 12 per cent would consider alternative options, including emigrating to contract overseas, or early retirement.

Advertisement
Qdos Contractor CEO, Seb Maley said: “While murmurs surrounding any changes to private sector IR35 remain rumours at this stage, we urge the Government to learn from previous mistakes and quickly end any confusion and uncertainty on the matter. One third of contractors surveyed revealed they would consider employment if private sector IR35 reform is enforced. This sends a clear, strong signal to Government that reform to private sector IR35 should be avoided.

“Economically and socially speaking, freelancers and contractors are vital to the UK. They should not be left in the dark. Recent changes to public sector IR35 caused panic among contractors, public sector engagers and agencies. And while the dust has somewhat settled as hirers begin to get to grips with reform, a repeat performance in the private sector would not be wise.

“It does however speak volumes of UK contracting that the largest proportion of contractors would continue working this way regardless of any potential changes to private sector IR35. The vast majority of the UK’s independent workforce choose to work this way for the freedom and control it brings, rather than any tax advantages.”

--
If you wish to comment on this article, please log in and use the Reply button below. Registering is free and easy - see 'Join Shout99'.
-
Susie Hughes © Shout99 2017

Printer Version

Mail this to a friend

Copyright 1999-2015, Shout99.com | All Rights Reserved | Legal Notice
 

Advertisements
advert
advert
advert
advert