It is not uncommon for businesses across a range of sectors to use the services of self-employed contractors and freelancers to complement their permanent workforce, especially during busy periods when the extra help is needed. If you are a contractor, or a client company with contractors on your books, you will know the IR35 rules will be changing from 6 April 2021 which will impact the way services of such contractors are purchased. It is crucial that steps are taken to ensure compliance once the rules are changed - it is best to act early to avoid any issues later down the line. Previously, contractors and the client companies using them could enjoy significant tax advantages by providing their services via an intermediary, such as a personal service company (PSC).
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