Consultancy giant confirms that contractors will only be able to engage with it via a third-party umbrella or employment agency after April 2021, as part of its IR35 compliance strategy.
IR35 private sector reforms: Zurich Insurance under fire over contractor blanket ban
Zurich Insurance is the latest high-profile financial services company to declare contractors can only continue to engage with it via umbrella setups from April 2021, ahead of the IR35 rules coming into force
Share this item with your network: By Published: 01 Feb 2021 11:05
Zurich Insurance’s decision to blanket-ban the use of limited company contractors in response to the incoming IR35 private sector reforms is raising eyebrows, given the firm’s willingness to insure off-payroll workers against IR35-related investigations by HM Revenue and Customs (HMRC).
Zurich is actively involved in underwriting insurance policies for a handful of contractor recruitment and insurance firms that provide off-payroll workers with financial protection against IR35-related tax investigations.
IR35 private sector reforms: IT contractors warned to be wary of non-compliant umbrella companies
The proliferation of websites offering comparison site-like services for umbrella companies has prompted tax experts to warn IT contractors of the financial risk posed by firms offering ‘too good to be true’ take-home pay rates
Share this item with your network: By Published: 21 Jan 2021 10:00
A surge in the number of umbrella company comparison sites offering “too good to be true” take-home pay rates has reignited concerns that the incoming IR35 private sector reforms could result in more IT contractors facing life-changing tax bills in years to come.
Half of firms yet to prepare for IR35 changes personneltoday.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from personneltoday.com Daily Mail and Mail on Sunday newspapers.
As the private sector start date for the IR35 reforms looms large, research suggests some companies are still dragging their feet with their preparations.