March 17, 2020 Update: Government have announced a delay in IR35 Off – Payroll reform to April 2021.
We’ve been running a series of blogs on IR35 in the lead up to the changes coming in from 6 April 2020. This is a quick update following the cancellation of the Autumn Budget 2019 which was due to go ahead on 6 November, but was cancelled due to the delay of Brexit and the announcement of a December General Election. This means that the next Budget will take place in the Spring with the new Government in place.
This has raised speculation on whether the April IR35 deadline will be met, postponed or even scrapped all together. That said, industry experts from across the board believe that IR35 will continue as planned because the initiative is already in the system to roll out as of April.
There are, of course, concerns that a rushed implementation could be damaging to many contractors. We’ve already seen blanket decisions made by big banking names where they are driving all their contractors onto PAYE.
We would advise that you continue to prepare. The most important first step is to open a dialogue with your end-clients and contractors, and our series on IR35 can provide you with all the next steps.
UHY Hacker Young are recruitment sector specialists and provide expert advice on accounting, finance, taxation and business growth. We understand recruitment and can support you through the ever-changing landscape of this fast-paced industry. With IR35 changes around the corner we can help you build a robust system to tackle this challenge, provide payroll support and review your existing contracts with assistance from our network of other recruitment specialists. There’s more on how to prepare in this blog post, and if you’d like to discuss this further, please contact Marie Pegram on 01462 687333 or by email email@example.com.