In short, no. The delay caused by Covid-19 has given contractors and businesses extra time to prepare for the reforms and contractors, clients, and internal recruiters are all telling us they now feel more confident to manage the requirements of IR35.
Additionally, the economic situation after the pandemic means that contractors will be a desirable alternative to permanent employees as they try to save money and so we expect to see increased opportunity for contractors in spite of the reforms.
ORBBIS IR35 PROTECT is a comprehensive and market-leading assessment and insurance solution that protects the IR35 determination (the SDS) for the end-client. This is also underwritten by Zurich insurance to protect the determination.
Additionally, as part of our service we can ensure outside IR35 contractors have the most comprehensive insurance at a competitive price that will cover you for £100k tax cover and £100k legal cover. Please click on this link for more details and to get a quote.
Not only does this Zurich underwritten insurance protect the contractor in the run up to April 2021, but it’s designed to flex come the reform deadline to cover the fee-payer as well. This means that the entire supply chain is protected; for up to £100k legal defence costs and £100k tax liability, as well as providing a legal expenses policy against the potentially crippling costs of an IR35 enquiry and any tax debts found owing – guaranteeing peace of mind for the contractor and for the client.
If you are an existing contractor or client of ours, we will be in touch with you to start conversations about reviewing and assessing your working practices to make sure you’re prepared come April 2021.
Whatever your circumstances, you can speak to Broster Buchanan about your requirements around IR35. Contact us at firstname.lastname@example.org and our friendly, expert team will do everything they can to help.
Click here to find out more about ORBBIS IR35 PROTECT.