The new Chancellor of the Exchequer, Rishi Sunak, has been welcomed into his role by IR35 specialists who immediately advised him to stop the roll-out of IR35 reform on 6th April.

Chancellor must consider global implications 

The threat IR35 reform poses to UK contractors is one thing, but the wider impact of the changes must also be considered by the new Chancellor, explained APSCo’s Bowers: “The UK labour market is currently ranked fourth for competitiveness globally and is one of the best recognised in the world. However, the roll-out of IR35 in the private sector has the potential to not only impact those individuals who have the entrepreneurial spirit to assume the risks and burdens of self-employment, but also those sectors of the economy which rely most heavily on independent contractors, such as banking, pharmaceuticals and technology.”  Kevin Edwards