Spring Budget 2021 – Outputs
Chancellor Rishi Sunak today delivered his much-anticipated Budget Statement, setting out how the Government will extend its economic support to reflect the “reopening of the economy”. In terms of issues directly impacting the flexible labour market, perhaps unexpectedly, there was no mention of the off-payroll (IR35) reforms in either the Chancellor’s speech or in the […]
Don’t leave IR35 to the last minute
IR35 is fast approaching and if you’re a hirer of a medium or large private sector organisation, it will affect you. It’s important that you have made all of the necessary preparations before the new legislation comes into effect on April 6th 2021 to prevent any hold ups on projects and to mitigate tax risk. […]
What effect does IR35 have on recruiters?
In order to understand the impact IR35 has on recruiters, the key thing to recognise is that the recruitment agency is often referred to as the ‘fee payer’ under the new rules. This means they are the entity closest to the contractor in the supply chain, taking responsibility for payment and ultimately, any unpaid National […]
Part 3 – An unqualified 3rd party completing your assessments
IR35 is a piece of legislation relating to employment status for tax purposes, if the person completing the assessment is suitably qualified (i.e. legally qualified) then the reviews are likely to pass reasonable care as HMRC state that seeking the advice of a qualified professional is sufficient. The question you need to ask is are […]
Part 2 – Contractual and working practice reviews
IR35 is a piece of legislation relating to employment status for tax purposes, if the person completing the assessment is suitably qualified (i.e. legally qualified) then the reviews are likely to pass reasonable care as HMRC state that seeking the advice of a qualified professional is sufficient! What do I need to do to complete […]
Part 1 – Lack of knowledge and training on IR35
IR35 is a piece of legislation relating to employment status for tax purposes, if the person completing the assessment is suitably qualified (i.e. legally qualified) then the reviews are likely to pass reasonable care as HMRC state that seeking the advice of a qualified professional is sufficient. How do I know if I have the […]
Webinar: Discussing the IR35 changes and new obligations
On February 2nd, Brookson hosted a webinar with HMRC, getting the lowdown on IR35. Here’s a brief summary of some of the key discussion points. Nine weeks to go There’s just nine weeks until April 6th, when the new IR35 regulations will come into force. While they were postponed previously, this time they’ll definitely be […]
Why you should be issuing your SDS’s in February
The new IR35 legislation may not come into effect until April, but if you’re a hirer you need to start issuing your Status Determination Statements (SDSs) now. There are various reasons why you should get ahead of the rule change: The importance of having an IR35 audit process in place Firstly, let’s address why hirers […]
What steps should businesses have taken in order to be ready for IR35?
This is a question I get asked regularly and the answer depends on the size and spread of your business and the contractors you engage with currently. If you have multiple sites, line managers and recruitment partners then the process for assessing IR35 is going to take you longer. However, in my experience of the […]
IR35 – Will we see a repeat of last year?
With the IR35 changes only a couple of months away it seems an appropriate time to review the current preparedness of businesses, the different approaches being taken and consider whether this is any different to what we saw last year. As we are all aware the IR35 changes represent a significant change for businesses that […]