In April 2021, changes to IR35 is coming to the private sector – there will be implicatons for freelance workers and employers.
HMRC is extending the IR35 regulations to tackle what it believes is ‘disguised employment’ and associated tax avoidance. The extension of IR35 impacts on our clients' businesses and on the many contractors and interim professionals within our network.
Unless you are prepared, you could see a change in your tax treatment that could result in a reduction of take home pay and potential future penalties.
Although there is much to learn from the experience of contractors with IR35 in the public sector, there is still confusion and misunderstanding over IR35 and what it means for the private sector.
So, we’ve created a concise practical guide to help you make sense of the changes – and ensure you’re ready for IR35 in 2021.