Nothing to see here – move along please!!
As we all probably know already, the IR35 off payroll rules that the Government introduced into the public sector a few years ago are to be rolled out to the private sector from 2020.
The reality is that unless you are a large business then the
changes will not apply to you.
So if two of the following three descriptions do not apply to your business:
- more than fifty employees,
- turnover greater than £10.2M,
- balance sheet greater than £5.1M
The new rules will not apply.
And bear in mind that if you are caught by the new rules, they might only apply if your sub-contractors supply their services to you through their own limited companies!