Delivering multi-million savings in your contingent workforce with Mark Coulson

The Procurement Conversation

In this episode, Rich talks to procurement professional Mark Coulson talks about important changes in IR35 Interim Worker Space, including the significant tax offset change, and the resulting opportunities for procurement teams.
This conversation reveals how these changes can de-risk IR35 by about 75%, leading to material cost savings, providing access to better caliber contractors, and avoiding the need to body shop.
Mark further suggests that given these changes, companies need to reconsider the restrictions they have put on engaging contractors, especially since newer technology platforms can ensure compliance across different countries. He also provides insight into the potential savings opportunities and advises procurement leaders to use these changes as a catalyst to reopen the discussion about the company's policy stance on engaging contractors.
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00:23 Introduction to the Procurement Conversation

00:42 Understanding IR35 and its Impact on Procurement

01:38 Mark's Journey into IR35 Specialisation

02:17 The Challenges and Misunderstandings of IR35

03:05 The Financial Implications of IR35

03:55 Learning from IR35 Experts and Applying Knowledge

04:35 The Market Response to IR35 Changes

07:28 The Impact of IR35 on Global Workforce

08:19 The Role of Technology in Managing IR35

09:28 The Offset Change in IR35 and its Implications

12:48 The Future of IR35 and its Impact on Procurement

15:26 The Role of Procurement in Navigating IR35 Changes
20:07 What should Procurement be doing?

22:11 Conclusion: The Importance of Understanding IR35

Chapters

1. Delivering multi-million savings in your contingent workforce with Mark Coulson (00:00:00)

2. Introduction to the Procurement Conversation (00:00:23)

3. Understanding IR35 and its Impact on Procurement (00:00:42)

4. Mark's Journey into IR35 Specialisation (00:01:38)

5. The Challenges and Misunderstandings of IR35 (00:02:17)

6. The Financial Implications of IR35 (00:03:05)

7. Learning from IR35 Experts and Applying Knowledge (00:03:55)

8. The Market Response to IR35 Changes (00:04:35)

9. The Impact of IR35 on Global Workforce (00:07:28)

10. The Role of Technology in Managing IR35 (00:08:19)

11. The Offset Change in IR35 and its Implications (00:09:28)

12. The Future of IR35 and its Impact on Procurement (00:12:48)

13. The Role of Procurement in Navigating IR35 Changes (00:15:26)

14. What should Procurement be doing? (00:20:07)

15. Conclusion: The Importance of Understanding IR35 (00:22:11)