IR35: April 2021 changes confirmed – warning that half of freelancers to stop contracting | Personal Finance | Finance

He said: “The pandemic has done disproportionate financial damage to the self-employed sector: after this, it simply cannot take the added hit of the changes to IR35.

“This research shows that not only are a large proportion of businesses not ready for the changes: many others are responding by either ceasing to engage contractors altogether or forcing them inside IR35 or into umbrella companies – both of which will slash their incomes.

“It is not surprising, therefore, that so many freelancers are reconsidering their prospects in the UK workforce – either planning to close their businesses or take them overseas. 

“In recessions, more than any other time, the UK needs its freelancers: their innovation and dynamism has historically always been the kickstarter to get the economy out of downturns.

Source link

Comments are closed, but trackbacks and pingbacks are open.