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One in Seven Contractors at Risk following MSC Legislation

One in Seven Contractors at Risk following MSC Legislation

According to a recent survey, fourteen per cent of UK contractors are still unsure of the implications of the MSC legislation and their personal compliance status 18 months after it was introduced.

The research carried out by Brookson, the leading provider of accountancy, tax advice and other support services to contractors, questioned 700 UK professional contractors on freelancers website Shout99.

The survey also revealed that less than a quarter of the respondents were confident that they were operating within the new regulations.

In addition, it showed that the majority of professional freelancers understand what the government wanted to achieve with the new legislation (61 per cent), however nearly everyone (99 per cent) felt that it was not handled very well with over a third saying that it has been done at the detriment of genuine contractors.

Martin Hesketh, MD at Brookson, comments: I have tremendous sympathy for contractors. Working in an environment proliferated by complicated legal and compliance regulations must feel like walking on eggshells for most of them. At the end of the day, whilst these are highly qualified professionals, they are engineers, healthcare workers and IT professionals - not lawyers or accountants.

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