Draft plans for IR35 contractor changes raise concern for North Sea talent pool
ByAllister Thomas
The North Sea oil and gas sector is thought to be among the industries most drastically impacted by the IR35 rules.
Concern has been raised over the cost to businesses and the potential shrinking of the North Sea workforce over plans to change contractor pay rules.
HMRC published draft legislation last week outlining greater detail on the IR35 changes, which are expected to widely impact the oil and gas sector.
IR35 comes into force in the private sector next April, which will stop contractors who are effectively employees of a company “disguising” themselves to pay less tax.
