Contractors - Changes to IR35 in the Private Sector
22 October 2019
Large and medium-sized firms have just 6 months left to prepare for changes to off-payroll working rules, which are due to extend to the private sector next Spring.
The rules which determine who is or is not within IR35 are not changing - only who is legally responsible if those rules are not correctly supplied.
Firms that engage off-payroll workers will be affected if they are not considered to be a 'small' company i.e. annual turnover of less than £10.2 million with a balance sheet less than £5.1 million or with fewer than 50 employees.
Click on our IR35 in the Private Sector article to read more about this. If you need more in-depth advice please call your Daly Park Accountant.
For more understanding of IR35 and a useful IR35 Tool, click on the HMRC link: https://www.gov.uk/topic/business-tax/ir35