In this episode, Rich talks to procurement professional Mark Coulson talks about important changes in IR35 Interim Worker Space, including the significant tax offset change, and the resulting opportunities for procurement teams.
This conversation reveals how these changes can de-risk IR35 by about 75%, leading to material cost savings, providing access to better caliber contractors, and avoiding the need to body shop.
Mark further suggests that given these changes, companies need to reconsider the restrictions they have put on engaging contractors, especially since newer technology platforms can ensure compliance across different countries. He also provides insight into the potential savings opportunities and advises procurement leaders to use these changes as a catalyst to reopen the discussion about the company's policy stance on engaging contractors.
www.ir35pro.co.uk
Mark's Course: Click here
00:23 Introduction to the Procurement Conversation
00:42 Understanding IR35 and its Impact on Procurement
01:38 Mark's Journey into IR35 Specialisation
02:17 The Challenges and Misunderstandings of IR35
03:05 The Financial Implications of IR35
03:55 Learning from IR35 Experts and Applying Knowledge
04:35 The Market Response to IR35 Changes
07:28 The Impact of IR35 on Global Workforce
08:19 The Role of Technology in Managing IR35
09:28 The Offset Change in IR35 and its Implications
12:48 The Future of IR35 and its Impact on Procurement
15:26 The Role of Procurement in Navigating IR35 Changes
20:07 What should Procurement be doing?
22:11 Conclusion: The Importance of Understanding IR35
