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With just a few months to go before major IR35 reforms take effect in the private sector, HMRC is launching a package of support to help contractors get ready for the changes.
The new measures include webinars for contractors and large and medium-sized businesses that will be affected by the changes. Demand for these sessions seems high after four original workshops filled up in four days. HMRC has since added more more sessions for contractors and businesses.
With around six months to go until public sector IR35 reforms take effect in the private sector, HMRC has clarified how it will enforce the regulations.
The tax authority has announced that the new rules will only be applied retrospectively in cases where it suspects fraud or criminal activity.
Large and medium sized private sector organisations have just over a year left to prepare for important changes to IR35 legislation.
When similar changes were introduced in the public sector in April 2017, many organisations were woefully underprepared. In the most serious cases, public sector organisations made costly errors and saw major projects delayed.
Getting ready for April 2020 requires effective leadership and co-operation across departments and business areas.
In this blog post, we will provide a brief introduction to the changes before detailing what different teams can do to prepare.
The government has scrapped plans to hold a budget in November after MPs voted for a general election in December.
The delay creates more uncertainty about whether planned IR35 reforms will take effect in April 2020.
The Treasury has confirmed that the December 12 election will mean that chancellor Sajid Javid will not deliver a budget that was scheduled for November 6.
A sense of panic and alarm spread rapidly through the wider contracting community when HMRC sent IR35 letters to more than a thousand GlaxoSmithKline (GSK) freelancers and contractors last week. But this is just a ‘taste of things to come’ when IR35 changes are extended to the private sector in April 2020, according to a contractor interest group.
HMRC has launched a fresh consultation on changes to off-payroll Intermediaries Legislation (IR35), due to take effect in the private sector from April 2020.
The changes would see reforms introduced in the public sector in 2017 extended to the private sector.
The change will affect contractors that operate through an intermediary like a limited company or personal service company (PSC).
Instead of judging their own IR35 status, the private sector organisation that engages the contract will make this decision. It could mean that more contractors are deemed ‘inside IR35’ and liable to pay income tax and National Insurance contributions.
