IR35 | Less than 1 in 10 freelancers are prepared for tax rule changes

With news rules surrounding off-payroll legislation set to come into force from April this year, new research has found that less than one in ten freelancers are prepared for the upcoming changes.

New research shared by freelancer career platform UnderPinned revealed that HR practitioners should therefore be preparing freelance workers for the legislation changes in 2020, as the study revealed a worrying number of freelancers were not even aware of what IR35 was.

This is something that Chris Gray, Brand Leader at Manpower Group, also alluded too, as he previously told HR Grapevine: “Moving forward, it’s imperative that employers keep up-to-date with legislation, such as IR35, and fully understand the implications for their organisations.”

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In fact, 42% admitted that they had never heard of IR35, while one in three claimed that the new rules are too complex, and they don’t understand how they will be impacted. In total, that amounts to 74% of freelancers who are unprepared and unaware of how the legislation will affect them.