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Government U-Turn on Repeal of IR35

Today the Chancellor of the Exchequer, Jeremy Hunt has announced that the government will make a sharp (and rather embarrassing) U-turn on much of the mini budget announced on 22nd September 2022.  This includes the announcement of repeal of IR35.  So just to clarify, IR35 legislation (reform from 2021) still stands and will remain in place.

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To reiterate the legislation only applies to large companies that meet two of the three following criteria:

  • You have a turnover £10.2m

  • A balance sheet greater than £5.1m or

  • More than 50 employees

So nothing has changed for small/medium contractors, however should you require any advice please don’t hesitate to contact the EEBS team on 01245 493832 or email info@eebs.co.uk

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Nick Pilgrim

M.D. | CIS Payroll Expert
01245 493832
Nick loves nothing more than chewing the fat over CIS payroll queries – actually that’s not strictly true; he likes playing golf and driving round Europe, but pick up the phone to him anyway!

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