IR35 reforms costing contractors more than half of their previous wage, says union boss

Some oil and gas contractors have lost more than half of their previous wage due to off-payroll working tax changes, according to a union boss.

New IR35 rules are due to come into force at the beginning of next month after the reforms were pushed back by a year due to the Covid-19 pandemic.

From April 6, oil and gas companies will be responsible for deciding whether a contractor is self-employed or not.