Contractors are business services suppliers. They provide knowledge-based services on a business-to-business basis.
Whilst there are varying vehicles under which you can engage a contractor, most professional contractors are one-person-band Ltd Companies (referred to as Personal Service Companies by HMRC). They are not permanent employees and they are not on a Fixed-Term Employment contract.
They are easily engaged on a B2B contract and with the recently announced, welcomed delay to IR35 legislative changes, compliance considerations are limited and very easily managed. As the Employment Business engaging the contractor, we manage and are liable for compliance considerations.
Please download the PDF to read the full document and to view the cost comparison between permanent and contract employees.