In this post we will be discussing working as an IT professional now the IR35 Legislation has gone through, and what this means for contractor jobs in the UK. Firstly let’s briefly restate how the IR35 legislation affects workers in the private sector.
Now we are clear on what it is how has the affected the UK market since April 6th 2021?
Firstly it’s increased the bias of locums wanting to work for smaller companies where they are outside of the legislation. Great news if you’re a boutique firm right ?
Many contractors have increased their daily rates to compensate for the increase in tax liability. Some are leveraging this to rather exorbitant proportions causing a lot of discontent with employers having to foot the bill.
For more information check out the HMRC website. https://www.gov.uk