Tax  

How to work out the IR35 rules

  • Identify who is affected by the IR35 rule changes
  • Describe how to decide if someone is affected by the IR35 rule change
  • Describe what happens to the information stored by HMRC by the changes
CPD
Approx.30min

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There is also a lack of HMRC guidance around the final legislation and the absence of the updated CEST tool which adds to uncertainty for businesses in implementing these rules.

In addition, planning for changes in the labour market in terms of supply, costs and administration is going to take time and preparation.

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With so many variables for business, it is hard to predict the impact of these changes.

Will we see less contractors? Will contractor rates increase? Will costs be passed on to the general public? How will the HMRC support businesses? Will the promise on historical tax enquiries hold firm?

This is yet another item on the business agenda to watch and wait, while preparing for a worst case scenario from April 2020 goes ahead as it currently stands.

Of course, if businesses are engaging a contractor on a project that will run on past 5 April, they should seek advice now.

Dawn Register is a partner in Tax Dispute Resolution at accountancy and business advisory firm BDO

CPD
Approx.30min

Please answer the six multiple choice questions below in order to bank your CPD. Multiple attempts are available until all questions are correctly answered.

  1. Who is going to be affected by the new IR35 rules?

  2. The rules will apply to small businesses, true or false?

  3. Which of the following is NOT a test of whether the IR35 rules apply?

  4. When can one become liable for a facilitation of tax evasion?

  5. What has HMRC said about information collected from the 2020 changes?

  6. When do the new rules come into effect?

Nearly There…

You have successfully answered all the questions correctly, well done!

You should now know…

  • Identify who is affected by the IR35 rule changes
  • Describe how to decide if someone is affected by the IR35 rule change
  • Describe what happens to the information stored by HMRC by the changes

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