As promised in the run up to the election, the Government has just announced (7 January 2020) that they have launched a review into the new off-payroll working rules, known as IR35, that are due to come into effect on 6 April 2020.
Here is our summary of the changes to the rules
The review will collect information from individuals and businesses that will be affected by the new legislation to ensure that the implementation of the changes is as smooth as possible.
Government previously closed a petition which was put forward to repeal the IR35 rules stating that they were there to ensure that a fair tax system is in place and that individuals working as employees through a limited company still pay the same tax and National Insurance as those who are employed.
It is therefore speculated that this is a meaningless review by the Government and the rules will go ahead. HMRC have said that they will continue to prepare for the roll out of the changes in April. Therefore businesses should continue with their plans to prepare for the changes that are due to come in from April 2020.