Autumn Statement 2016: How will it affect your business?

Paper and a hand holding a pen on a table

Following the announcement in the Autumn Statement on 24th November, Progressive Recruitment, a trading division of SThree Partnership LLP has reviewed the information provided and noted that there will be changes affecting the placement of contractors/interims in the Public Sector.

From 1st April 2017, the organisation paying the contractor’s limited company will be liable for establishing the contractor’s IR35 status. This could be the recruitment agency or, for contractors engaged directly, the end client or bank partner. Contractors trading through their own limited liability company will also no longer receive the 5% tax free allowance, meaning that even more of their earnings will now be subject to employment taxes. Full draft legislation will be released by 5th December in preparation for implementation on 1st April 2017.

We would be pleased to offer some insight on what has been proposed to our customers so far. However, a follow-up webinar will be scheduled for the 9th December to explain how the legislation could affect your contractors and projects in 2017 and beyond, as well as the solutions we will propose to support this transition.

If you would like to register for this event, please follow the link below:

REGISTER FOR WEBINAR

We look forward to speaking with you on the day.

5 Benefits of Contract Recruitment in GCC

18 Jun 2021

Engineering is longer just one of many industries and business types. They are now the core infrastructure of any company, regardless of industry or sector.

Why choose contract recruitment?

29 Apr 2020

Contract based employment is very common nowadays, however, many people are unaware of countless details about this type of engagement and what the benefits are. Read more to find out

Tags: MENA

Debunking the myths of Contract Recruitment in MENA Employers Edition

16 Apr 2021

The culture of ‘lifetime employment’ remains strong in various countries across the globe and the Middle East and North Africa (MENA) is no exception. We debunk some of the myths of hiring contractors, freelancers and giggers here.

What are the options and visa requirements for contract recruitment in the GCC?

29 Apr 2021

Contract solutions available in the Gulf Cooperation Council (GCC) can often be quite confusing for both employers and employees. Progressive is here to help you in understanding the different types of visas and salary payment options!