Division: Technology
On 10th February 2020, Avance sent out emails on behalf of HCL. They stated that contractors would be individually assessed. I was never assessed.
However on 24th February, they sent out emails stating that no contractor could offer services via a PSC. Contractors were given a until COB on 27th to decide to go inside IR35 via a FSA approved umbrella company or contracts are terminated by the end of March 2020 or sooner.
Avance have already starting sending out termination emails.
I'm not sure how many projects will suffer. But Avance have approached me and others for inside IR35 work at HCL and contractors have increased their day rates by 40%,. A blanket ban on PSC will cost the end client in my opinion.