Sondrel believes that the electronics industry will be changed significantly by the UK’s new IR35 payroll tax change, coming into effect on 6 April 2020. As of that date, it becomes the responsibility of hirers to assess the employment status of off-payroll workers, including those contracted via their own small companies. This comes as the Financial Times reports that the complexity of the process could risk penalties if incorrectly applied: as such, many firms are no longer using contractors through limited companies. NB Due to COVID-19, date has been moved to 6 April 2021
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Nigel Robson
Vortex PR
nigel@vortexpr.com