February 4th, 2020 / Insight posted in MKS News

Design Week: Mike Hayes explores how the new off-payroll working will affect freelancers

Mike Hayes considers the impact on companies who use personal service companies to fulfil their workload. He says: “A lot of companies that use the services of personal service companies (freelancers or contractors) will be looking into things now. And if it’s decided their contracts are within IR35 legislation, companies will really have three options: to tax payments to those workers in the future, to put them on the payroll, or to end the contract altogether.”

He adds that companies must inform these suppliers before the rules change in April of where they will stand. “This is to give personal service company workers the opportunity to challenge the decision – no company is allowed to just impose the changes on you without giving to time to dispute their decision.”

Full article here.