From 6 April 2020, the off-payroll rules (IR35) are going to be extended across the private sector bringing large and medium-sized companies under the regulatory framework of the rules.
The introduction of the IR35 legislation will mean that the engager will be responsible for deciding whether to deduct tax and National Insurance Contribution (NICs) from freelancers and contractors, as if they were employees.
It is estimated that almost a quarter of the UK’s workforce now works on a contingent basis, either in the public or private sector, so this change will affect thousands.
Those who are legitimately contractors should not be affected by this rule change, but a blanket approach by some engagers may mean that many are caught out by it.
Using our considerable expertise in the sector, we can help you to manage your affairs should you find yourself inside the IR35 legislation.