For the latest episode of The Dialogue, Associate Director Dan Lewis sat down with Andy Dagnall from Contract insurance specialists Kingsbridge to talk all thing IR35.
Here's what we learnt:
- Understanding your current workforce and who your contractors are should be the first step for any business looking into IR35.
- Businesses should be set up better now there has been a delay. Getting IR35 right in the current economic is so much more important than it was the first time round.
- Blanket bans on contracting don't factor in the risks of projects not being completed and loss of talent.
- The Public Sector tried blanket bans and they didn't work. They've now bounced back by embracing a new way of working.
- There are online tools to help determine a contractor's status in regards to IR35 and Harnham have our own tool for this stage of the process.
- Collaboration will be key for both businesses and contractors. Working with third parties will help make the process easier.
- It is almost essential that contractors take out insurance to mitigate the risk of a wrongful determination.
- Status determination can change throughout a project. An inside determination at one stage of a project won't necessarily stay that way for the duration.
- Contractors will have more trust in businesses that have a robust process in place.
- Contractors can get a working practices review done now so they can approach recruiters or businesses with an understanding of where they will fall with IR35.
- The most important thing in a status determination is being honest.
- And much, much more.
You can watch the full conversation below:
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