Reforms to off-payroll working rules in the private sector were due to take effect in April 2020 but were delayed as businesses grappled with the coronavirus crisis. The changes were implemented in April 2021.
IR35, also known as the ‘off-payroll working rules’ is tax legislation designed to combat tax avoidance by people who work in a similar way to full-time employees but bill for their services via their limited companies to make their business more tax efficient.
The legislation is designed to prevent workers from avoiding tax by operating as contractors, when really, they are employees in all but name.
For a reminder of the new rules refer to the articles below and if you need our advice, please get in touch at email@example.com
Rules for self-employed contractors or freelancers – https://chw-accounting.co.uk/news-and-blog/ir35-everything-you-need-to-know-as-a-self-employed-contractor-or-freelancer/
Rules for large businesses who use contractors – https://chw-accounting.co.uk/news-and-blog/important-changes-to-ir35-for-large-businesses-who-use-contractors/
8 March 2022
On 8 July 2020, as an urgent response to the pandemic, the government announced a number of VAT measures including a temporary reduction of the VAT…
1 March 2022
From 1 April 2022, the government is increasing but the National Minimum and National Living Wage rates. The National Minimum Wage is the minimum amount an…
10 January 2022
HMRC has given self-assessment taxpayers more time to ease COVID-19 pressures. With the self-assessment deadline less than three weeks away, many individuals and agents will be…