Fears around the impact of the proposed new IR35 rules, set to apply in April 2020, may result in hirers making the decision to cease the hire of PSC contractors.
Indeed various banks are unsurprisingly reported to have already reached this conclusion. But is this the end of contracting?
“Certainly not”, says Adrian Marlowe, chairman of the Association of Recruitment Consultancies (ARC). “Contracting has been given a bad name because of the link to tax avoidance, but tax advantage is not the only reason that contractors wish to provide services via their own company. Many individuals choose to work temporarily because of the freedom it allows them. Temporary workers have also always been in demand, and that demand is not going to end.
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.