At a glance
BNP Paribas is the largest French banking group and the largest bank in the Eurozone. As the bank's Managed Service Provider, AMS was key in advising on IR35 changes and the impact that these would have on their contingent population.
AMS presented different options for managing the IR35 reforms, as well as assessing the various risks and considerations associated with each, whilst also providing a market research overview of how similar organisations were managing the complex change.
The challenge
The bank was keen to find an approach where engaging with contractors was simple, where the risk from a tax liability perspective was limited, and where the bank did not suffer any disadvantage in attracting talent compared to its competitors.
BNP Paribas consulted with AMS to understand the best way to manage IR35 changes and how best to engage with their contractors moving forward. The bank had initially considered assessing all workers on an individual basis and then running an ongoing process to manage this.
This raised concerns about the risk of an incorrect IR35 increased workload generated by having to access the current contractor population on an ongoing basis, as well as any new contractors coming into the bank.
