SME Articles

Most SMEs still not IR35 compliant
marketing | 8 September 2021
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A survey has revealed that more than half of the UK’s small and medium-sized enterprises haven’t introduced formal IR35 processes five months after a major rules shake up.

With the lofty aim of making Britain the best place in the world to start a business, the Small Business, Enterprise and Employment Act has received Royal Assent. Now enshrined in law, the Act promises, amongst other features, vastly improved access to finance for start-ups and SMEs.

Neil Armitage Operations Director, Umbrella Accountancy Services, commented “In doing so the Act seeks to scratch an itch that has irritated many of Britain’s budding entrepreneurs: the banking and finance industries have recovered their solidity without stretching their books sufficiently to support Start-Up UK.

As the sun sets on the General Election, and the UK prepares for a five-year term for a Conservative majority Government, many in the contracting community are returning to a familiar debate: are the powers that be ready to treat the issues faced by the surging numbers of freelancers and contractors with greater urgency?