Off-payroll changes to be reviewed | WDM

Twitter
Follow us on Twitter
MENU
4
December

Off-payroll changes to be reviewed

The expansion of the off-payroll rules into the private sector will be reviewed, says Chancellor Sajid Javid.

In 2017, HMRC introduced new off-payroll rules to the public sector, which saw some contractors’ net income cut significantly. HMRC also shifted the responsibility for compliance from the individual contractor to a public body or recruitment agency.

From 6 April 2020, new tax rules will use the 2017 changes as a starting point for the extension to large and medium organisations in the private sector.

Speaking on BBC Radio 4’s Money Box programme, the Chancellor said: ‘In our manifesto, we have promised a review of how we can help the self-employed with things like mortgages and pensions.

‘One thing, in particular, I want to look at again are the proposed changes to IR35. I want to make sure that the proposed changes are right to take forward.

‘We have made it clear in our manifesto that we are on the side of self-employed people. We will be having a review, and it makes sense to include the proposed changes to IR35 in that review.’

In the same programme, the Chancellor said he expects the Loan Charge review to report this year, despite currently being on hold due to General Election purdah rules.

The review into the Loan Charge was commissioned by the Chancellor in September and is being led by Sir Amyas Morse, formerly head of the National Audit Office (NAO).

7 Questions you must ask an accountant
How To Grow your business by 46.4% - Special Free Whitepaper
To get the free whitepaper, simply enter your name and e-mail address below and click the Get FREE Whitepaper button. You will receive an email shortly with your FREE Whitepaper pdf from our team...

Fields marked with an * are required

By submitting this form you agree to receive information via email newsletters about products and services from WDMCA which we think may interest you. You can opt out of receiving these newsletters by clicking the unsubscribe link in newsletters we send.

Download our FREE iPhone app

Testimonials

From the opening of our store to the eventual sale of four stores seventeen years later, WDM have provided invaluable assistance all the way along. They are more than just an accountant to us and we couldn't speak highly enough of them.

Pat McKenna - McDonalds Franchisee
Sign up to our newsletter
Oakfield House, 378 Brandon Street, Motherwell ML1 1XA        t: 01698 250 251        f: 01698 250 261