IR35 - Our essential guides and videos explain the IR35 legislation changes & how it will affect your business.
What is IR35?
The October 2018 budget introduced an extension to the Intermediaries legislation, commonly referred to as IR35, which will come into force from April 2021 for medium and large businesses in the private sector.
HMRC are increasingly concerned that, where appropriate, workers should be paid through payroll, and that PAYE is operated properly, and the changes in legislation show HMRC’s commitment to the continued monitoring of off-payroll payments to workers.
These amendments may require major policy changes for many private organisations across all industry sectors, with many businesses requiring key advice to implement the new legislation effectively & correctly.
Experience suggests that private sector businesses will require all of the time afforded to them to prepare for the change. Failure to prepare and be ready for April 2021 could result in significant:
Labour supply issues
Business continuity issues
Liabilities to tax, National Insurance also interest and penalties
Are you ready for April 2021?
IR35 advice for businesses
Below Employment Tax Partner, Richard Maitland delivers a 2-minute update on everything you need to know about IR35 and how your organisation should prepare for the April deadline.