TREASURY ANNOUNCES OFF-PAYROLL REVIEW – BUT IS IT ENOUGH?
Yesterday the Government announced it would review the implementation of the off-payroll (IR35) reforms. It said it would ‘address any concerns from businesses and affected individuals about how they will be implemented’.
The review will determine if any further steps can be taken to ensure the smooth and successful implementation of the reforms, due in April 2020.
Commenting on the Treasury’s announcement, Chris James, Director of Accounting Services at JSA Group and Chairman of the FCSA, said:
“While it’s good to see the Government appearing to honour their election commitment to review IR35, looking at the small print, the review is of the implementation of the changes, not of the changes themselves. It’s therefore very hard to see how the review can be meaningful, as by the time it reports, shortly before the budget, many of the damaging effects of the changes on flexible working will already have taken place, such as ‘blanketing’ by many of the big banks.
“Arguably, many contractors will feel that what sounded to them like a ‘review of the changes’ now looks like a box ticking exercise that technically fulfils the promises the Chancellor made, without having the time or the remit to have a real impact – they will be disappointed, and may well feel cheated.”
Here to help
We are here to help you prepare for the off-payroll reforms. Take a look at our blog articles and videos, sign up to our webinars or get in touch to discuss your individual circumstances. We are also able to support agencies through the reforms, contact your account manager or download our Off-payroll Guide for Agencies.