The media is full of speculation that the IR35 roll out to the private sector is a bad idea. Whilst the legislation will undoubtedly bring with it certain challenges, we believe that, if handled correctly, it could be beneficial to businesses.
The latest draft IR35 regulations were published as part of the Finance Bill 2019-20 on Thursday 11 July. You can read our full summary here, but in short there were no real surprises. The main message was that the government is carrying on with the reform, full-steam ahead.
So, anyone who still had a lingering hope that the Government would change its mind will be disappointed; IR35 reforms in the private sector WILL take effect from 6 April 2020. End-user clients will need to determine whether IR35 applies to any of their existing contractors as at 6 April 2020, and make sure their processes are watertight for any new off-payroll workers engaged.
Gattaca PLC (LON:GATC) provides recruitment solutions and support to employers in the engineering and technology sectors. With offices across four continents, their global presence gives them the ability to offer clients and candidates a localised service on an international scale.