IR35 review commits to April 2020 start date
The Government has just concluded its review of the Off Payroll Working rules for the private sector, and has confirmed it will still commence as planned from 6th April.
As originally promised, the limited review only focused on implementation issues, despite repeated calls from contractor representatives and professional bodies to defer the introduction by a year, due to continued confusion of the rules and lack of preparation by many affected business.
The review’s findings repeat what the new Chancellor confirmed last weekend, that HMRC will ensure there is a “soft landing” period for penalties for the first year of operation, which means that fines will not be issued unless HMRC suspects tax evasion or abuse of the system.
See a link below to our recent blog explaining more about these key changes for contractors working through Personal Service Companies:
We have considerable experience within Garbutt + Elliott on both employment status and IR35 matters and will be happy to provide assistance – for more information on any of these matters highlighted, email Richard Whitelock firstname.lastname@example.org