FTAdviser: Tim Stovold on IR35 delay
The government has announced that it now won’t bring in the new IR35 rules until April 2021. This is part of the steps being taken to support businesses during the Coronavirus crisis. Tim Stovold, partner at Moore Kingston Smith, said: “This decision should have been made well in advance of the April 6 launch date but Coronavirus has finally convinced the government to delay this catastrophic change to the IR35 rules. This will be some comfort to the freelancer population who know that they will be the first overhead to be cut as businesses prepare to weather the storm ahead as the economy slows down.
Business owners will be angry, as colossal amounts of time, money and energy have been put in to preparing for this regime change only to hear that it has been kicked into the long grass for now.”
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