IR35 in the Public Sector   How could this affect your business?   Introduction IR35 is a piece of legislation that allows HMRC to collect additional payment where a contractor is an employee in all but name.   If a contractor is operating through an intermediary, such as a limited company, and but for that intermediary they would be an employee of their client, IR35 applies.   New rules for IR35 will apply from the 1st of April 2020 in the Private Sector as they have been applied in the Public Sector for the last two years.   Each business needs to assess the Risk and implications of these new rules and make the necessary changes to procedures before early April 2020.   Who will be affected in the Private Sector? Medium and Large Companies will be the initial target of the IR35 rules and they will follow the rules that now apply in the Public Sector.   Small businesses do not have a definition for IR35 but the definition will probably follow the criteria in Companies Act 2006.   How … [Read more...]