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 and businesses alike. 

Andy Vessey, Head of Tax at Kingsbridge Contractor Insurance 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. Some companies invested heavily to ensure compliance of their contractors, while others just stopped hiring contractors altogether.  

Placing responsibility of assessing IR35 status of a contractor with the business 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.”

Andy continued, “It’s a very promising move, not just for contractors, but for businesses as well, they can be confident in engaging with contractors once 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 attract the talent, they have been missing for some time now.” 

Kingsbridge are offering a number of free webinars, the first on Wednesday 5th October 1-2pm:

Why not join our industry-leading panel of IR35 experts, who will...

•Cover the key facts regarding the repeal

•Discuss the likely impacts this change will have pre/post April

•Answer the questions you have about the repeal

Click here to REGISTER FOR WEBINAR  If you can't attend the live webinar, still register and we'll send you a copy of the video when the webinar is finished.

Until the Government releases the full details, everything will stay the same until April 2023, when responsibility will revert back to the contractor. Kingsbridge would encourage all parts of the supply chain to continue doing their due diligence with respects to IR35.                                                            

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