Contractors call time on PSCs due to IR35 changes

Limited company contractors are saying ‘enough is enough’ as they call time on their personal service companies (PSCs), according to an insolvency practitioner who works in the contractor sector.

The introduction of IR35 off-payroll rules into the private sector, combined with persistent rumours that the government may scrap or severely curtail a beneficial tax relief, are the main reason many contractors are considering shutting up shop on their PSCs.

John Bell, senior partner at Clarke Bell, told Recruiter: “The phone has rung off the hook” with...

To continue reading this article you need to be registered with Recruiter . Registration is FREE and only takes minutes. Register here or sign in below if you already have an account.

Already registered? Login

Don't have an account?

Register for FREE today to access all premium online content and select your email preference.

We're here to help

If you have queries about accessing premium content, contact a Recruiter sidekick at [email protected] for more information or call +44 (0) 208 950 9117.

CONTRACTS & DEALS: 15-19 APRIL 2024

This week’s new contracts & deals include: Oleeo

Contracts 15 April 2024

Four payroll providers join HMRC ‘list of shame’

Four recruitment provider and supplier businesses have been added today [11 April 2024] to HM Revenue & Customs’ list of named tax avoidance schemes, promoters, enablers and suppliers.

New to Market 11 April 2024

Aliter Capital appoints Antunes to grow technology and resourcing arm

Aliter Capital, a specialist buy and build investor focused on SME support services businesses, has appointed John Antunes as group CEO for its technology transformation and resourcing investment.

People 11 April 2024

Caremark launches eBike partnership with Eskuta to attract staff

A provider of domiciliary care has launched an eBike initiative to create new job opportunities for people without access to personal transport.

New to Market 11 April 2024
Top