Make Sure You Are Ready - IR35 & Off Payroll Working

Many businesses operating in the private sector will now be well underway with their preparations for the significant changes to the IR35 rules that are finally due to take effect on April 6^th, following last year’s proposed start date being postponed as a result of the pandemic. 

Yes, you read that right – it’s just over 2 weeks away!

Under the new rules, responsibility for assessing the employment status for tax purposes of contractors will shift from the contractor to the end-user business. 

Whist the delay was welcomed with a sigh of relief by many, the changes to the IR35 rules are now fast approaching once again and businesses need to ensure that they are ready to implement the new regime.

We have set out a few critical pointers below that you may wish to consider before the changes come into effect:

• Have you looked at your contractor list and identified those that potentially fall within the new regime (that is, those contractors who are using their own company to supply services to you)? 

• Have you reviewed your existing arrangements with your contractors to ensure that they are robust and sufficiently protect you as a business?

• Have you set up a process for assessing contractors’ employment status for tax purposes?

• Have you decided what to do about any contractors that fall inside of IR35 or how to engage with contractors more generally in view of the changes? 

With our partners at Granite BPO, who have already provided us with some great Insights for Contractors on The New Regulations, we have put together a download to help you understand the changes and ensure that you are ready for the changes – Download here.