Within hours on HMRC publishing its IR35 guidance, members of the IR35 Forum issued a statement saying the document did not take key elements of their advice into consideration.
The long awaited IR35 guidance was published on Wednesday. The guidance will enable contractors to determine if their contract is disguised employment or if they really are in business in their own right.
SQ Computer Personnel, a recruitment agency that specialises in jobs for IT contractors, said recently that it received more new instructions in March this year than it had in any other month during the last two years.
Every cloud has a silver lining so they say, and for IT contractors that cloud could come in the form of data security issues and the software necessary to solve them.
Contractors working through limited companies might be tempted to switch to umbrella companies once the full extent of the Revenue’s IR35 assessment criteria becomes known next week.
IT contractors better make sure their finances are in good order following the news that an increasing number of companies are looking into the financial past of freelance workers before offering them a contract.
IT contractors should be aware that HMRC will track down anybody it believes could be guilty of tax evasion as a Scottish consultant found to his cost recently.