Orange Genie News

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.  

 

Up until April 2016, there was a widely held belief that umbrella companies existed to allow the deduction of legitimate expenses in order to increase contractors’ net income.

We would argue that this was never really true, since less than half of our contractor employees ever claimed expenses, but in any case, it was a long time ago. Nineteen months after legislation severely restricted the value of claiming expenses, umbrella employment companies are still here and still thriving.

 

These are interesting times for the recruitment industry. In terms of compliance, the landscape is changing at speed as the risks of getting it wrong escalate and recruiters take action to protect themselves. In general, we believe this is a good thing. If we can banish the rogues, chancers and naive from our industry and lift the bar of best practice across the whole supply chain, everyone benefits in the long term.

This is a common question and one which frustrates many contractors, you are not alone!

Recruiters have their own preferred supplier list (PSL) and when you start a new contract you can find yourself being asked to use their trusted suppliers. It’s perfectly reasonable for you to want to choose your own umbrella company, but this can cause tension with recruiters who feel a need to control their supply chain.

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