Steve Barclay, the Chief Secretary to the Treasury, announced a delay to the IR35 reforms in the House of Commons on 17 March 2020. The extension of IR35 into the private sector was initially due to begin in April 2020 but has now been delayed until 6 April 2021 due to coronavirus, which will offer some relief during these uncertain times.
However, Mr Barclay did stress that this was “a deferral, not a cancellation, and the Government remains committed to reintroducing this policy”.
Need more help on off-payroll tax rules? TBL Accountants can help. Please get in touch with our team for more guidance on IR35 in the private sector.
TBL Accountants are your local accountancy firm operating in Southend and across Essex. We specialise in a variety of services as personal, business, and charity accountants. Want to find out more? Get in touch with our team today.
Here for you.
