BROOKSON LEGAL IN THE MEDIA

The budget which was announced to fall on the 6th of November has now been delayed which could have a negative effect and cause more “uncertainty” surrounding IR35.

The Royal Bank of Scotland (RBS) has become the latest large bank to place a ban on the use of contractors which means, now all “big four banks” in the UK have reacted to the run up to IR35 in the same way

Barclays Bank has announced it will stop using off-payroll contractors through limited companies, which has been described as “a taste of the IR35 chaos to come”.

The introduction of IR35 to the private sector in April 2020 could lead to a significant contractor talent drain, as more than half would consider looking for alternative work with another business if they fall within the remit of IR35.