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Post Info TOPIC: IR35 changes. Time to prepare.


Forum Moderator & Expert

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IR35 changes. Time to prepare.


Remember that the changes to IR35 are creeping ever closer. Anyone who has IT contractors on their books may need to be prepared to advise them on their next steps including the possibility of working through unbrella companies or the transition back to permanent employment which will of course reduce their dependance upon financial profressionals so there will be some knock on to ourselves.

This isn't just a thhreat to any contractors that you represent but also any companies that use contract staff.

Something you need to be aware of as April isn't so far away and now that Jan's over it's time to start planning for that. Just do a search of IR35 changes for all yopu need to know.

All the best,

Shaun.



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Shaun

Responses are not meant as a substitute for professional advice. Answers are intended as outline only the advice of a qualified professional with access to all relevant information should be sought before acting on any response given.



Master Book-keeper

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Morning trouble.
Not just IT contractors, as you say.

Some of the prof bodies are doing webinars and seminars # as well as the usual written updates ##

#although some are London centric and keep treating members north of the Watford gap as 2nd hand citizens!

##although some are not really technical updates, just a headline, followed by a load of waffle (ie sort your own intrepretation out).

As an aside this is hitting banking big time. Plus can impact on bookkeepers and Accountants too!!



-- Edited by Cheshire on Monday 3rd of February 2020 12:18:17 PM

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Joanne

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position (and my that I dont mean with HMRC)



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Part of the thing I don't like about the IR35 changes are that the determination of a subbie's status is down to the contracting company. If the contractor decides to treat all of their subbies as if they're caught under IR35 then there's no come back, either they suck it up or go work for someone else.

Based on what I can find out, all our clients should be outside of IR35, but it depends on what their contractors decide...

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All thoughts are my own and should not be used as professional advice.



Master Book-keeper

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Rachel19 wrote:

Part of the thing I don't like about the IR35 changes are that the determination of a subbie's status is down to the contracting company. If the contractor decides to treat all of their subbies as if they're caught under IR35 then there's no come back, either they suck it up or go work for someone else.

Based on what I can find out, all our clients should be outside of IR35, but it depends on what their contractors decide...


A lot of the contractors are panicking and just taking the easy route.



__________________

Joanne

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position (and my that I dont mean with HMRC)



Master Book-keeper

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Posts: 8295
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Did anyone get the Tax Insider IR35 Tax Tips Report? Any good?



__________________

Joanne

Thoughts are my own/not to be regarded as official advice,which should be sought from a suitably qualified Accountant.

You should check out answers with reference to the legal position (and my that I dont mean with HMRC)

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