New data finds IR35 tax changes are ‘hampering growth’ of UK oil and gas industry

New data finds IR35 tax changes are ‘hampering growth’ of UK oil and gas industry

Controversial changes to off-payroll working tax rules have left some oil and gas firms struggling to fill ‘vital roles’, according to new data.

Research by Kingsbridge Contractor Insurance found that half of businesses in the sector said that the reforms were the biggest obstacle to hiring contractors, trumping Brexit and Covid-19.

More commonly known as IR35, the changes were brought in for the private sector by Her Majesty’s Revenue and Customs (HMRC) in spring last year.