What is IR35?
IR35 is a set of rules implemented by HMRC that are designed to reduce tax avoidance by contractors. Previously employees could operate through intermediaries (like limited companies) while still working full time for a business, therefore paying less tax and national insurance. IR35 aims to crack down on employees and contractors doing this. It was first introduced to the public sector in 2000 and contractors had the responsibility of declaring their IR35 status. In 2017 further crackdowns were introduced meaning the onus fell on both the contractor and the employer. IR35 is now due to be rolled out to the private sector in 2020.
Gattaca PLC (LON:GATC) provides recruitment solutions and support to employers in the engineering and technology sectors. With offices across four continents, their global presence gives them the ability to offer clients and candidates a localised service on an international scale.
