Heads up, IT contractors: the implementation of Britain’s IR35 controversial tax reforms have been delayed by a year due to the coronavirus pandemic.
The decision was announced among a £330bn financial package for the UK economy that includes a business rate holiday, emergency loans for companies, and financial assistance to airlines.
Speaking in Parliament on Tuesday evening, Chief Secretary to the Treasury Steve Barclay said: “The government is postponing the reforms to the off-payroll working rules, IR35, from 6 April 2020 to 6 April 2021.”
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.