“IR35 presents a wealth of opportunity. It’s a time for businesses to re-evaluate their current workforce and project delivery operating models to ensure they really deliver the best possible value for money.”
This is the opinion of Nigel Morris, employment tax director at MHA MacIntyre Hudson, an accounting firm. Mr Morris believes the legislation forces businesses to “reassess employee bases and business structures”.
Mr Morris does accept that a number of businesses are not ready for the roll-out of the legislation but “companies need to be robust in their preparations the move to IR35.”
However, Mr Morris said:
We’re finding many businesses still don’t know exactly how many off-payroll workers they have, and some haven’t yet taken steps to prepare. There’s also still a lack of confidence in determining employment status for contractors.
Both bodies feel that Mr Sunak should work and engage with businesses and find out the best possible way to implement the changes.
The off-payroll tax has caused a huge amount of controversy for different businesses and contractors. This has led to a review in to the legislation being opened by the Government. Following that, the House of Lords then opened a separate inquiry in to IR35.
Darius is the editor of HRreview. He has previously worked as a finance reporter for the Daily Express. He studied his journalism masters at Press Association Training and graduated from the University of York with a degree in History.
- Darius McQuaid
- Darius McQuaid
- Darius McQuaid
- Darius McQuaid
