• Research
• 7 Apr 2024
• Joshua Toovey

• One in 10 contractors (10%) currently out of work attribute it to the IR35 reforms
• Over half of contractors (55%) have rejected an offer of work in the past 12 months due to it being deemed as 'inside IR35'
• Almost a quarter (24%) plan to seek contracts abroad in the next year

 

IPSE's IR35 Spotlight report for 2024 reveals that over one in five (21%) are not currently working, with half of them attributing this to the impact of reforms to IR35 tax rules.

Meanwhile, over half of contractors (55%) said they had rejected an offer of work in the past 12 months due to it being deemed ‘inside IR35’ by the client whilst 24 per cent said they intend to seek contracts overseas this year to escape the rules.

Similarly, the research has again exposed the fact that some clients are falling short of their legal obligations to contractors, particuarly when it comes to the issuance of a Statement Determination Statement (SDS).

Now in its second year, the annual research shows that changes to the IR35 rules continue to impact hiring for skilled contract workers after being rolled out in the private sector in April 2021.

Read the full report