Third of contractors set to quit when IR35 rolls out in private sector

Around a third of freelancers say they’ll stop contracting in the UK due to IR35 changes set to be rolled out in the private sector in April.

This is according to research released this week by IPSE (the Association of Independent Professionals and the Self-Employed).

Their research also shows one in seven freelancers (13%) plan to find contracts abroad, one in 10 (11%) plan to stop working or retire early and almost one in 10 (8%) plan to move into full employment. Half of those surveyed say they will only continue freelancing if they can find contracts to which the new off-payroll working rules do not apply.

Meanwhile, separate research by umbrella company Parasol shows 70% of contractors believe private companies will lose out because of IR35 reforms, while almost 45% of contractors remain unsure if working via a limited company or an umbrella company would be best for them. 

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