Private sector organisations who engage contractor populations are turning their attention to ensuring compliance with the legislation, yet few hiring managers, procurement heads and HR professionals consider a fully contracted-out service as a potential option.
Why choose a fully contracted-out solution?
A fully contracted-out service – often referred to as a Statement of Work (SOW) or a bought-out service is a flexible, effective and highly successful commercial route which has many benefits and incidentally, can remove off-payroll considerations related to IR35. Already commonplace in engineering, IT and tech sectors, many other industries could benefit from choosing this advantageous and effective way of working.
Whilst there is strictly no prescribed format, a fully contracted-out service comprises a ‘contract for services’, which governs the relationship and outputs agreed between the client and service provider.
How can Morson Projects help?
From full reviews of your contractual workforce to practical and commercial IR35 solutions including fixed price statements of work, we provide a suite of robust solutions tailored to your organisation to help shape an effective IR35 strategy to remove the burden of IR35, minimise risks and costs.
For more than 40 years, Morson Projects has been delivering fully contracted-out services to clients, long before IR35 legislation was established. However, since the introduction of IR35 in 2000, we have successfully delivered more than 12,000 projects as fully contracted-out solutions, with a value in excess of £750m.
This method of working puts us in the position of the ‘End Client’ to any relevant Personal Service Company (PSC) engaged. It, therefore, means we are responsible for ensuring reasonable care is exercised correctly by producing and issuing an IR35 Status Determination Statement.
Our robust processes, procedures and tools to ensure IR35 compliance are underpinned with a comprehensive insurance policy. Our experts can help guide businesses through the offload process, helping them clearly define their requirements and supporting them in generating Statements of Work (SOWs).
Our experts are on hand to help businesses navigate the reforms, to find out more, please don’t hesitate to contact the team on 0161 707 1516 for more support and information.