IR35 is coming
Despite the protests and lobbying of the Government, the only reference in the Budget notes makes it very clear that IR35 is coming to the private sector:
2.178 Review of changes to the off-payroll working rules (commonly known as IR35) – At Budget 2018 the government announced that it would reform the off-payroll working rules in the private and third sectors from April 2020. The government has recently concluded a review of the reform, and is making a number of changes to support its smooth and successful implementation. The government believes it is right to address the fundamental unfairness of the non-compliance with the existing rules, and the reform will therefore be legislated in Finance Bill 2020 and implemented on 6 April 2020, as previously announced.
All end clients, recruitment agencies and contractors can do in the very short term, is to continue to plan around the draft legislation and HMRC’s recent updates in order to prepare for the new tax year.
The finance bill is scheduled to be published on March 19, at which point Markel Tax will be able to offer insurance against the risks that fee payers will be faced with under the new regime.
The impact of finance sector IR35 decisions on contractors
