Some good news For Company Secretary Contractors: IR-35 change suspension
Following the House of Lords calling for a suspension earlier in the week, yesterday evening the Chief Treasury Secretary Steven Barclay announced that the looming changes to IR-35, which were mentioned in last week’s budget, would not be going ahead in 2020.
As a result, those off payroll workers are able to continue functioning on the same basis as they have done for the past few years which I’m sure will bring sighs of relief from both candidates and clients.
With a lot of our contractors due to finish in the coming weeks, due to this original change, we are in touch with a diverse range of temporary workers on the market currently from Company Secretarial Assistants through to ‘heavy-weight’ company secretarial contractors throughout the UK.
With the coronavirus comes an unprecedented amount uncertainty and disruption to business across the UK; a temporary worker can act as a stop-gap and a flexible resource which can be turned on or off at any time. With some companies currently unable to commit to a permanent hire, temporary workers should increase in demand.
If you’re on the lookout for your next contract, please get in touch as we envisage the industry to pick up as a result in the interim market during these uncertain times.
Mr Barclay stated that the changes will still come into force on the 6th April in 2021, giving plenty of time to prepare in the meantime.
If you would like to have a confidential discussion about your job search or are thinking of recruiting within your team then please reach out us on 020 3589 0333 or email Team@Core-Partnership.co.uk