Large and medium-sized organisations have just six months left to prepare for changes to off-payroll working rules, which are due to extend to the private sector next spring. From 6 April 2020, firms that engage private sector contractors will be responsible for deciding if the rules should apply and deducting income tax and national insurance.
HMRC predicts the measure, confirmed in Finance Bill 2019, to affect around 170,000 individuals who operate through a personal service company.
Read our article to find out more about the following:
- The rules
- Aims and inconsistencies
- Options to prepare
Also, get in touch with us and we can help review the finer details of your current contract and assess your status.