Contractor Calculator Newsletter, Jul 2019: IR35 research tender proves key data was missing from final report
Welcome to the Jul 2019 edition of our Contractor Newsletter. Since our last newsletter the IR35 debate has raged on. HMRC have been shown to not stand by CEST in court, and the proposals for the private sector have received considerable concern - most notably for not allowing tax payers access to justice. "Inside IR35" rates have topped 99% at Network Rail, 89% at HS2, and 98% at the Met Office - despite HMRC saying only a third should be caught.
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The Off-Payroll reforms to hit the private sector from April 2020 will have serious consequences for hundreds of thousands of companies and contractors, with hirers facing potentially higher costs and some workers looking at significant cuts to their income, as well as an extra administrative burden to both.
Businesses engaging freelance workers could experience major disruption unless they start immediately to prepare for the practical realities of the off-payroll proposals due to come into force in April 2020.
Industry bodies are urging the British government to delay its plans to extend much-hated anti-avoidance tax law IR35 to the private sector, according to an analysis of responses to a government consultation.