Are you ready for the changes to Off-Payroll Working Tax (IR35)?
Off-Payroll Working Tax (IR35) will apply to the Private Sector from April 2021. The off-payroll working rules can apply if a worker provides their services through their own limited company or an intermediary, which will usually be the worker’s own personal service company, but could also be a partnership, personal service company, or an individual contractor.
The rules make sure that workers, pay broadly the same tax and National Insurance contributions as employees. The ‘employer’ will be responsible for determining if the off-payroll working rules apply.
With the roll-out so soon, if you are unsure if this applies to you as either an ‘employer’ of an ‘employee’, contact our specialist payroll and tax team, who have a wealth of experience in dealing with payroll and tax matters. Do not hesitate to contact us on 01384 376964.
Folkes Worton – Accounting for the Future
Call 01384 376964