Mid-sized businesses are unprepared for IR35 changes

With the changes to the off-payroll working rules only weeks away new research from Grant Thornton UK LLP finds that more than one in three (38%) mid-sized businesses are not ready for the transition.

The firm surveyed 605 UK mid-sized businesses on how prepared they were ahead of the deadline and found that 13% of the respondents had done only minimal preparation or were in the early stages of their planning. A further 25% had their preparations under way but were still not ready for the deadline.

Only 59% of the businesses surveyed believed they were ready for the upcoming changes.

Bethan Gill associate director people advisory said: ‘Businesses should be taking action now to ensure that they have considered their position and properly assessed the impact of the new rules and how it can be effectively and compliantly managed.

‘Although it presents an immediate compliance...