Private contractors who set up limited companies to avoid being responsible for PAYE and national insurance contributions are being warned of key changes to legislation.
The reforms to the off payroll working regulations are set to be introduced to the private sector in April 2021, and HMRC’s online tool for determining IR35 status delivers an outcome in most cases. But what should employers or contractors do if the outcome delivered by this online tool is ‘undetermined’?
A leading tax expert today welcomed the decision to delay complicated tax changes that will affect thousands of contractors in the private sector.
In the October 2018 Budget, the Chancellor announced that from April 2020 off-payroll working rules, known as IR35, will affect all private sector firms engaging temporary resource, thereby creating significant administrative challenges for many businesses.