IR35 reform is set to be extended to the private sector in 2021 after a tabled amendment to the 2019-21 Finance Bill failed to gain the support of the Labour Party. The amendment, tabled by conservative MP David Davis, proposed that the private sector rollout be postponed until the tax year 2023-24.…
READ MORE
Tomorrow, MPs will vote on a proposed amendment to the 2019-21 Finance Bill that would delay the implementation of the off-payroll legislation in the private sector until 2023/24.
The amendment was tabled by Conservative MP David Davis, and included within the House of Commons order paper for Tuesday 19 May.…
READ MORE
The government has responded to the findings of the Lords Off-payroll inquiry, which found the IR35 reforms to be flawed, unfair and in need of a complete overhaul. The report detailed more than 29 issues with the off-payroll legislation, urging the government to consider the great burden is placed on businesses and the inherent unfairness in classifying contractors as ‘employed for tax purposes’ with zero employment rights.…
READ MORE
The House of Lords Finance Bill Sub-Committee’s report on Off-payroll working was published on Monday 27th April. Launched at the beginning of February, the Lords investigation took a wider line of inquiry than the Treasury’s official IR35 review. During many hearings, the committee heard damning evidence of the widespread damage that the reforms have caused, with committee members often expressing disbelief at the legislation’s inherent flaws and unfairness.…
READ MORE
Many companies are in the midst of a hiring freeze due to the impact of Covid-19. While this will affect demand for both permeant and temporary candidates, contractors may find themselves vulnerable to first-stage hiring cuts as projects are cancelled or indefinitely suspended in many sectors.…
READ MORE
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
In the government’s first budget since re-election and leaving the EU, newly appointed Chancellor Rishi Sunak delivered a budget for “challenging times”. Amidst widespread political and social uncertainty, Sunak addressed the need for the budget 2020 to deliver immediate security for today while also laying the foundation for future prosperity.…
READ MORE
There are signs that the banking sector could be heading towards a major crisis in the lead up to the Off-Payroll reforms in April. This was the sector that instigated the now widespread PSC ban, which has resulted in many contractors being forced out of their limited companies and onto the payroll.…
READ MORE
As the April deadline for rolling out IR35 to the private sector draws closer, the confusion surrounding the reformed legislation continues to grow. It’s little surprise then, that the number of businesses seeking to minimise their liability risk with blanket policy shows no sign of diminishing.…
READ MORE
Although the Conservatives were somewhat reluctant to join the other political parties in promising an IR35 review, their win will at least remove some of the uncertainty surrounding the off-payroll reforms for contractors in April next year. The landslide vote looks likely to bolster the party’s belief in its own policies, and with the new legislation ready to go, it’s unlikely that a review will bring about major changes.…
READ MORE© 2020 ContractingWISE. All rights reserved.
