Will the Contractor Market be all change come April 2016?
Its certainly not a quiet time in the Temporary Workforce market at the moment, and more so for Payroll Companies like ourselves.
I think it is fair to say that Contractors, Recruitment Agencies and Payroll Companies alike are now fully aware of the potential changes the Taxman wants to introduce come April 2016.
In the last 4 weeks we have seen an increase in “panic” from our Contractors and some of our Agencies as the gossip and rumours become more and more prominent, unfortunately as is always the case there are also companies within our market who have targeted this uncertainty as ammunition to build their business, using scare tactics and unnecessary methods to prey on those contractors who they perceive to be vulnerable.
So what’s changed? As it currently stands absolutely nothing at all, and nor will it until the proposed changes come in to effect in April 2016.