Associate Director at Theta Global Advisors, Patrick Hopkins spoke to Consultancy UK about the UK’s IR35 contractor tax reforms.
At Theta Global Advisors, we found that more than two thirds (67%) of companies are moving to blanket ‘inside IR35’ structures as opposed to reviewing contracts individually. This comes in stark contrast to contractor and client wants – only 10% of companies are satisfied with this blanket approach, and 90% say they would be keen to explore alternative resourcing models.
As Patrick states in the article, blanket ‘inside IR35’ approaches are already being deemed inappropriate before even coming into effect, likely to attract less skilled resources with lower quality experience to companies for their specific projects requiring unique expertise. This blanket approach does not even benefit those contractors attracted given reduced day rates which is part of the appeal of sacrificing the benefits of permanent employment for contract work.
To read the full article, please visit: Consultancy UK – Majority of companies to adopt blanket inside IR35 structures