June 2023 Newsletter

Invaluable perspectives on how the off-payroll rules affect the UK economy

We received an overwhelming response from nearly 2,000 businesses participating in the survey. An in-depth look at the world of contracting, our whitepaper looks at the current sentiment towards personal service companies and how the off-payroll rules are affecting businesses across the supply chain.

Including notable IR35 trends and highlights, such as:

• 72% of contractors are now unwilling to work inside IR35
• 77% of end clients say that contractors are important for business growth
• 46% of end clients don’t believe that HMRC would stand by a CEST determination

Essential IR35 cover for businesses

Say hello to Off-Payroll Protect...

Nobody knows HMRC’s risk assessment criteria for selecting businesses who will receive IR35/off-payroll enquiries, so it could happen to anybody. It is therefore essential to have insurance in place that protects your business from HMRC, and the costs associated with legal defence and tax liability.

Our comprehensive, market-leading IR35 insurance policies cover the fee-payer and businesses that engage with contractors either direct or via an agency.

Useful Resources...

Case Study: How Kingsbridge Supports RC Fornax

RC Fornax have worked closely with Kingsbridge since April 2021.

Over the years, we have supplied business insurance to their contractor workforce, provided the organisation access to our IR35 Status Tool, and conducted in-depth reviews (known as the IR35 Health Check) to assess the precise nature of their engagement with contractors.

Daniel Clark and Paul Reeves explain how the partnership was built and the real-life positive changes we have made to their business.