The latest Purchasing Managers Index from the Bank of Scotland was published at the beginning of the week and umbrella company contractors should be able to take heart from the results.
When AWR first came onto the scene there were major concerns that the legislation would have an adverse affect on contractors and other temporary workers. It now appears that those fears were largely unwarranted.
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.
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 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.