Making Sense of IR35
A Practical Guide to Private Sector Changes in 2021 for Employers
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In April 2021, IR35 is coming to the private sector – with potentially serious consequences for employers and for freelance workers.
HMRC is extending the IR35 regulation to tackle what it believes is ‘disguised employment’ and associated tax avoidance. The extension of IR35 impacts on our clients' businesses, on our own company and on the many contractors and interim professionals within our network.
Unless your business is prepared, it faces the risk of workforce disruption, skills shortages, back taxes, financial penalties and reputational damage. If you work as a contractor via a limited company, you are risking a loss of take-home earnings – and potential future penalties.
Although there is much to learn from the experience of employers with IR35 in the public sector, there is still confusion and misunderstanding over IR35 and what it means for the private sector.
So, we’ve created a concise practical guide to help you make sense of the changes – and ensure you’re ready for IR35 in 2021.
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