Many of the companies who adopted blanket IR35 policies that forced contractors out of their limited companies and onto the payroll are reversing their decisions. The U-turn came after news that the government would be delaying the reforms until April 2021 in order to help businesses and contractors cope with the impact of coronavirus.…READ MORE
There are signs that firms may be rethinking their ban on limited companies ahead of next April’s IR35 reforms. The example set by influential banks such as Lloyds, Barclays and HSBC has caused a number of companies to adopt a similar ‘PAYE only’ policy, with asset management firms Royal London and Northern Asset Management the latest to follow suit.…READ MORE
The decision of businesses such as RBS, Lloyds, Tesco Bank and Morgan Stanley to adopt a blanket policy on limited company contractors has been heavily criticised by Industry bodies. Lobbyists are calling on Parliament to address the issue and hold HMRC to account.…READ MORE
Following on from the debate in Westminster last month, MPs are calling for the government to hold off on plans to extend the off-payroll rules to the private sector next year.
An Early Day Motion (EDM) has been tabled, calling for Government to delay any further implementation of the off-payroll rules in favour of exploring other options.…READ MORE