Under the proposed changes to IR35 due in April 2020, the responsibility of determination will move to the end hirer or client and the liability for deducting and paying the tax will rest with the fee payer.
To understand the sentiment of those directly affected by IR35, we surveyed a proportion of our active contractors to gauge how they feel about the introduction of the controversial tax legislation that will affect contract work.
Last Monday the announcement of changes to the IR35 legislation in the private sector revealed they are going to be similar to the ones implemented in the public sector in 2017. But how are these changes going to affect contract work?
Times ahead are looking tricky for contractors with IR35 changes that will affect contract work, Brexit and a recession due. This said, it would be foolish for private sector contractors to make any hasty decisions as to their future.