Four out of five IT managers believe they will not have to reassess the budgets for IT projects as a result of the IR35 tax regime, which states that IT contractors should be taxed at the same rate as staff.
Last week, Computer Weekly reported that lawyers believe attempts by IT contractors to revoke the IR35 tax will be unsuccessful and that the tax will put IT projects over budget. However, 79% of respondents to this week's Computer Weekly/Harvey Nash Big Question poll stated that their budgets would remain the same.
One respondent was adamant, "We would not accept a change in rates due to a change in the contractors tax liability," he said.
Read more on IT for small and medium-sized enterprises (SME)
IR35 reforms: Tech firms warned off relying on high-risk compliance workarounds
Loan Charge Group MPs demand IR35 shake-up to stop contractors becoming ‘zero-rights employees’
IR35 private sector reforms: Hays calls on Treasury to delay April 2021 start date by a year
Budget 2020: Omission of IR35 from chancellor's speech sparks fury from contracting groups