The IR35 legislation changes are set to affect tens of thousands of self-employed workers and businesses across the UK. The changes coming into force mean that a contractor’s net income could be reduced by up to 25% due to higher taxes. Responsibility for setting IR35 status of a contractor will also pass to medium and large private sector businesses, shifting the liability.
On Tuesday 17 March, Susan Moor, Director from FRP Transition joined up with Andrew Chamberlain, Director of Policy from IPSE (The Association of Independent Professionals and the Self-Employed) for a live webinar, addressing the changes to the way IR35 works in the private sector and how clients, agencies, consultancies and contractors will be impacted.
Later that evening, Chief Secretary to the Treasury, Steve Barclay announced that the IR35 changes will be delayed for the next 12 months: “This is a deferral in response to the ongoing spread of COVID-19 to help businesses and individuals.”
Andrew presented on the legislation changes, in addition to covering the following:
This webinar was created with FRP Transition. Find out more about FRP’s Transition Interim Management and Placement services here.
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A contractor's net income could be reduced by up to 25% due to higher taxes.