Are you ready for the new off-payroll working rules?
This time last year businesses were preparing for important changes to the rules where workers supply their services via their own personal service companies. The start date was then deferred from 6 April 2020 to 6 April 2021.
The new rules are scheduled to apply to large and medium-sized businesses as defined by the Companies Act. Those businesses will be required to consider whether or not the worker would be regarded as an employee if directly engaged and so deduct tax and national insurance from payments as if they were an employee. This change does not apply where the end user is a small business under the Companies Act rules, where the current IR35 rules will continue to apply.
Thus, small organisations will not yet be required to consider the status of the worker or deduct tax.
Please contact us if you are affected by these changes as we may be able to help you with the determination of your workers’ employment status. If you are a worker supplying your services through your own company, we will also be able to advise you on the implications of these changes.
Do you need more help with IR35 and payroll?
Our team of chartered accountants have a wealth of experience in a broad range of sectors, from construction and property to the charity sector. We work hard to create smart and effective tax-efficient solutions to aid growth. If you want to learn more about how the team can help or simply want some start-up advice from a trusted accountant don’t hesitate to contact us on 0161 962 1855. Alternatively, you can email us using the form below and we will contact you as soon as possible.