Contractors using PSCs at risk over IR35 rule change
Freelance contractors are warning of a potential ‘domino effect’ as some of the UK’s largest companies stop using off-payroll workers in advance of the introduction of new IR35 rules in the private sector next April.
A leaked memo Barclays sent to contractors’ line managers, details of which have been published in on various websites, states that under the rules to be introduced in April 2020 ‘the end user may be held liable for collecting the correct income tax and NICs’.
Read more at Accountancy Daily.
