Off-payroll working rules from 6 April 2020
The new off-payroll working (“OPW”) rules (also known as IR35) for the private sector are coming into effect from 6 April 2020. The rules are aimed at individuals providing services through a personal service company (“PSC”) or other intermediary to a “client” (i.e. the organisation that needs the work done).
The proposed legislation and HMRC guidance are still in draft form but the Government has recently completed a review of the proposed changes. Businesses may need to implement various new policies and processes before 6 April 2020 in order to comply with the rules.
Preparing for compliance with these new rules could be complex and requires careful consideration and planning to manage the relevant tax risks and commercial implications. Please read our guide for further information.