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17.03.25

The Unintended Consequences of IR35: Rising Costs & Offshoring Trends in Tech Contracting

The 2021 IR35 reforms were meant to create fairness in tax contributions but have had unintended consequences for the UK’s tech contracting market. With rising contractor rates and increased compliance risks, businesses have turned to offshoring as a cost-effective solution, reducing local contracting opportunities. This shift has impacted UK-based professionals, leading to talent shortages and job insecurity. Our latest article explores the effects of IR35, the rise of offshoring, and potential strategies for businesses and contractors to adapt in this evolving landscape.