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Alex Seal discusses the ramifications of the upcoming National Insurance changes for contractors.
Published on 20 November, 2024
In a recent contribution to IT Contracting, Alex Seal of Markel Tax dives deep into the ramifications of the Chancellor's upcoming changes to employer National Insurance Contributions, effective April 6, 2025. Some of the insights covered include the major impact on contractors with higher costs for fee-payers: With the April 2025 changes, fee-payers face over £1,000 in increased liabilities for each IR35 engagement, impacting recruitment agencies and similar entities.
As costs for inside IR35 engagements rise, Alex emphasises the importance of careful contract reviews, adherence to working practices, and taking "reasonable care" to mitigate potential liabilities.
Read the full article linked here.
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