Get Ready for IR35
Changes to IR35 in the private sector are fast approaching.
Our experience with the public sector showed that many employers struggled to understand IR35 and needed external support. Leaving action to the last minute incurred significant costs that could have been avoided.
As April 2020 draws closer, our resources will keep you informed and help you prepare.
What is IR35?
IR35 legislation ensures individuals operating via a personal service company (PSC) but who from an employment law perspective would be deemed an employee pay the right taxes.
Its aim is to prevent them from gaining tax benefits when they are working in a similar or identical manner to on-payroll employees on a given assignment.
How do I prepare for IR35?
It is estimated that almost a quarter of the UK workforce is now engaged on a contingent basis. Our independent research suggests the changes will lead to a significant number of requests for higher rates of pay or more permanant full-time roles in order to ensure compliance.
There is plenty of information available for contractors on how they should prepare, our experience in the public sector shows that there is also financial and workforce impacts to employers and work-givers. Our guide helps to demystify what the changes mean and what steps should be taken now in order to ensure business continuity.
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