The clock is ticking towards HMRC’s IR35 tax reforms. Private sector organisations who engage contractor populations are turning their attention to ensuring compliance with the legislation, yet few hiring managers, procurement heads and HR professionals consider a fully contracted-out service as a potential option.
The next webinar in our IR35 series is dedicated to exploring this solution, often referred to as a Statement of Work (SOW) or a bought-out service, which removes the IR35 burden from end-clients.
A fully contracted-out service – often referred to as a Statement of Work (SOW) or a bought-out service is a flexible, effective and highly successful commercial route which has many benefits and incidentally, can remove off-payroll considerations related to IR35. Already commonplace in engineering, IT and tech sectors, many other industries could benefit from choosing this advantageous and effective way of working.
Whilst there is strictly no prescribed format, a fully contracted-out service comprises a ‘contract for services’, which governs the relationship and outputs agreed between the client and service provider.
For more than 40 years, Morson Projects has been delivering fully contracted-out services to clients, long before IR35 legislation was established. However, since the introduction of IR35 in 2000, we have successfully delivered more than 12,000 projects as fully contracted-out solutions, with a value in excess of £750m.
This method of working puts us in the position of the ‘End Client’ to any relevant Personal Service Company (PSC) engaged. It, therefore, means we are responsible for ensuring reasonable care is exercised correctly by producing and issuing an IR35 Status Determination Statement.
During this 60-minute session, the panel will shine a spotlight on a service that Morson Projects has been providing clients throughout our 40 years in operation. A service that now has the additional benefit of removing the IR35 burden from our clients.
Our panel will explain how they can help guide businesses through the offload process, helping them clearly define their requirements and supporting them in generating SOWs. We will then showcase our robust processes, procedures and tools to ensure IR35 compliance, which are underpinned with a comprehensive insurance policy.
In what is an unprecedented opportunity to reset the IR35 agenda, ensure your business doesn’t get left behind.