UK government departments are advising IT contractors to hike their fees by a fifth in order to avert an exodus of self-employed techies that will be hit by a forthcoming tax clampdown, multiple sources have told The Register.Changes by HMRC in April will shift responsibility for compliance with the intermediaries legislation, known as IR35, from the individual contractor to a public body or recruitment agency.
Source: UK.gov tells freelance techies to slap 20 per cent on fees as IR35 tax hike looms • The Register
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