The current shortage of road haulage drivers stems from a number of causes, but the least talked about is a change to the way that tax is paid by contractors. These changes to the ‘off-payroll working rules’, or IR35, were introduced to the private sector in April this year. The same changes caused chaos for contractors when they were introduced to the public sector back in 2017. So, to stop history repeating itself, what can the energy sector learn from these mistakes?
The energy industry has traditionally relied on skilled contractors for project delivery, offering an attractive route for flexible work long before many other sectors realised its benefits. But it now risks being left behind in the post-pandemic competition for talent.
The “sheer scale of disruption” sparked by changes to IR35 rules have surpassed expectations, an employment expert has said.
A government review has been launched into new tax rules expected to hit thousands of contractors across the oil and gas industry.
The oil and gas industry has welcomed the new UK government as it looks ahead to a “transformational” sector deal and braces for tax changes for thousands of contractors.
More than two-fifths (43%) of manufacturing, utilities and oil firms are relying on “gut feel” to gauge their exposure to new off-payroll working rules, a poll shows.