Contracts need to reflect the work a contractor is doing onsite, and there will need to be a significant review of current working practice in light of the final IR35 guidelines, according to 3 sixty group, an accountancy firm.
Industry pundits have emphasised that there is no blanket method of achieving IR35 compliance and each engagement will require a separate review.
Anne Swain, chief executive at the Association of Technology and Staffing Companies (ATSCo) said, "Just changing the words on a contract won't make a different. However if the contractor is running an entrepreneurial business, the contract should reflect the reality of the way that he works, in a fixed price scenario."
However, the 3 sixty group predicts that there are some 'alternative ways' forward. "Alternative models of contract do exist and they can have significant impact on both the IR35 and the 'professionalism' of the industry as a whole."