What’s Happening To The Offshore Payroll Providers?

Rumours are starting to circulate about possibly more redundancies in the offshore payroll provider sector, is this perhaps the end of UK contractors being able to use offshore structures to mitigate their responsibilities? Ever since the chancellor announced the 2008 budget there seems to have been steady downsizing in what only a few years ago was a boom sector.

Is this down to smaller profit margins on the structures that they can offer or perhaps that the structures themselves are under such attack that many companies do not want the risk of running them, who knows? Either way the next 12 months will surely prove to be challenging for both those offshore offering payroll services to UK contractors and those UK contractors who rely on them.

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