HMRC umbrella company ‘checking tool’ looms for workers
Umbrella company consultation response and guidance due from HMRC, as more details come out on Tax Administration and...
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HMRC has updated its guidance on the extension of existing off-payroll working rules (IR35) to the private sector, scheduled for April, with a new contractor factsheet setting out the changes.
Contractors will be affected by the changes to the IR35 rules if they work through an intermediary, such as a personal service company (PSC), and provide services to public sector organisations or medium or large-sized organisations, defined as having a turnover of more than £10.2m, a balance sheet total of £5.1m and/or more than 50 employees.
Read more at the Accountancy Daily.