Or a company that uses an intermediary to hire contractors on a self-employed basis?
If so, you’re no doubt aware that HMRC is introducing major reforms to its IR35 anti-tax avoidance legislation on 6 April 2020.
Currently, contractors are responsible for determining whether the nature of their working relationship with a client constitutes a contract of employment.
The incoming IR35 off-payroll rules will make large companies responsible for that decision, and for deducting tax accordingly.
Well, the concern is that, rather than burden themselves with additional responsibilities and potential tax liabilities, large companies could terminate their engagements with contractors, or force them to go on payroll. | To read full story, visit https://startuparound.com/read/1583512206.3231554/How-will-IR35-and-the-off-payroll-rules?-Startups.co.uk?ref=audio_experience