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Colnort IR35 Saving

Blanket assessing contractors inside IR35 is a costly approach

There has been plenty written on the impact of IR35 on private sector businesses, the approaches that can be taken and debate around which is the best way forward. With Brexit and COVID impacts, it is understandable that organisations are looking at short term fixes to the IR35 conundrum. The impact on each business is different as the underlying fundamentals that dictate the risk exposure of getting it wrong vary significantly. Considerations around peaks and troughs of demand management, loss of critical contractors, and avoiding an increase in fixed overheads during the economic recovery are all things on the mind of a business leader. There are three common ways of approaching it.

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