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Interim Tax Newsletter 2019/20 – IR35 Edition

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Our latest interim tax newsletter places a special focus on the implementation of IR35 so you can begin to see how the reforms may affect you and how best you can plan for them. We have also included a market overview and contractor interview to ensure you are up-to-date with all things interim.

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Market Overview – 

The interim tax market continues to enjoy a strong position, with high demand for contractors across the board. This is despite the backdrop of uncertainty; in fact, there has been a 31% increase in roles and hires both on daily rates and fixed-term contracts.

In part this has been due to the continued regulatory change, corporate restructures and increased M&A activity. Paired with the turbulent political environment, this mass of evolving tax legislation means that heads of tax need to stay on top of the potential impact on their organisation.

Managing these burdens can be supported to a great extent by the interim contractor. For example, interim senior tax consultants (normally an ex head of tax) can deal with the reactive day to day issues a newly appointed head of tax is faced with, leaving them to set up a global governance program and a tax strategy built for the future. An interim tax compliance manager is also helpful to respond to increased compliance activity whilst the current incumbent is working on transforming current systems, technology and processes.

The majority of the Big 4 have now launched their flexible contractor resource program, offering either contractor resource internally to their own tax teams or to their clients, of which Pure has been providing the contractor bench in the majority of cases. Often the compliance-focused roles can be performed on a flexible remote working basis, which has appealed to a number of contractors for a variety of reasons…

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