Re: Trade Organisations and Cartels
Barclays have not said the contractors are inside IR35. They have simply avoided the time and expense of putting in a process to make the assessments and the risk of getting it wrong. Being such a large organisation would make them an obvious target for the taxman to check their processes and assessments. Getting it wrong would not be a good look! By ceasing to engage with PSC contractors, IR35 is no longer an issue for them. Provided they can still secure the resources they need in the future without using PSC contractors, they will have avoided the unnecessary effort and risk. Only time will tell if this pays off or if we see a monumental u-turn post April 2020. Also, they are not restricting contractors - they are welcoming them provided they are PAYE.
Biting the hand that feeds IT
