Orange Genie News

So, you’re killing it as a contractor. You’re working hard, impressing your clients, building up your business. Your ever-growing network of contacts is driving a steady stream of work your way. You’re loving the flexibility, the variety, the improved earning power. It’s the best move you ever made, and yet there’s one dark cloud on the horizon, one belligerent wasp at your barbeque.

You have to do your accounts.  They’re complex and time consuming, and even minor errors can be expensive.

The recruitment industry has been talking about disguised remuneration schemes quite a lot recently. Claims that you could take home 80-90% of your contract rate may seem attractive, but the consequences of getting involed in non-compliant schemes can be very serious.

Recent changes in legislation have made recruiters anxious about disguised remuneration schemes, and many are taking action to ensure compliance throughout their supply chains. 

It’s been clear for some time that Government’s attention is focussed on the recruitment industry and enforcement activity is increasing. We’re seeing more and more agencies taking great care about who they work with as the potential consequences of a non-compliant supply chain get ever more severe and more likely. We believe this can only be a good thing for the recruitment industry in the long term.

On Novermber 22, after months of speculation, particularly surrounding the possible extension of the April's public sector IR35 reforms into the private sector, Chancellor Phillip Hammond delivered his Budget for 2017.

Use the button below to download our indepth commentray on how it affects contractors like you. 

 

Angela Dawson, IT Contracts Director at Concept Resourcing writes about the rewards and risks of life as a contractor.  

 

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