The announcement by Kwasi Kwarteng to repeal IR35 rules in his mini budget, has caused a huge stir in the world of self-employed contractors.

Ryan Dawson, IR35 Project Manager at Kingsbridge said, “Ever since these onerous rules were introduced, they have caused major shift in the self-employed market and have proved to be a very expensive headache for businesses. The rules placed responsibility of assessing IR35 status of a contractor with the business, but it only demonstrated over and over again that it did not work. The Governments own CEST tool could not do the job properly and people have been calling for drastic action ever since.”

Ryan continued, “While we must wait for the full details from the Government, everything will stay the same until April 2023, when responsibility will revert back to the contractor. It’s a very promising move, not just for contractors, but for businesses as well. They can be confident in engaging with contractors again. Overall, it’s good news for contractors, good news for the market as a whole and good news for businesses as they will be able to find and engage with the talent, they have been missing for some time now.”

There is still some caution that should be taken with the announcement, and Kingsbridge would encourage all parts of the supply chain to continue doing their due diligence with respects to IR35. We are likely to see a number of blanket bans overturned and a range of inside IR35 roles suddenly and inexplicably become outside. HMRC will be watching for this, and these roles may be the first that HMRC investigate under the new regime.                                                           

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Further quotes/interviews are available if required.
Press Contact: Tracy Messer – PR Manager
Email: tracy.messer@kingsbridge.co.uk

About: Ryan Dawson - IR35 Project Manager
After graduating with a law degree in 2015, Ryan turned his attention to IR35, working closely with Legal Expenses and Tax Investigation claims. He joined Kingsbridge in 2018, and his expertise is now helping our clients understand and protect themselves from IR35 investigations, through our consultancy and IR35 services.

About Kingsbridge Contractor Insurance:
 We have provided specialist business insurance to many of the UK’s Contractor community for more than 15 years. Part of Kingsbridge Group, we have industry leading expertise relating to the insurance and IR35 and risk management needs of Contractors and currently insure over 50,000 SME’s. We work with over 500 recruiters, accountancy and hiring business partners, as well as directly with Contractors. We also offer specialist We are dedicated to understanding the unique needs of our clients and experienced enough to give them expert support when they need it.