Among a number of initiatives aimed at supporting the economy in these troubled times, the Chief Treasury Secretary Steve Barclay yesterday announced that the IR35 reforms, which were due to come into force from April 2020, have been pushed back until April 2021. This will be welcome news to many genuine contractors who were facing a significant negative impact on their incomes due to the reforms. The delay means that end clients will no longer be required to assess the status of individuals supplying services through a personal service company.
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Author: Luke Thomas, Director