How to prepare for looming IR35 tax rules

By Dave Chaplin 2021-01-27T06:00:00

The coming weeks are critical for firms relying on freelancers if they want to avoid disruption to projects, says Dave Chaplin

The off-payroll legislation comes into effect in the private sector in April. It will mean that the responsibility for assessing a freelancer’s employment status switches to the hirer. Construction firms rely heavily on consultants and subcontractors to get projects completed and they should be preparing now to avoid disruption to work and ensure smooth access to their talent pipeline.

The challenge for hiring firms is to navigate the new off-pyroll world without exposing themselves to an excessive administrative burden or financial risk. While this topic is a new area for many firms and can invoke feelings of fear around uncertainty, an approach to compliance that mitigates risk and appeases all parties is not difficult to achieve.

…

Already registered? Login here

To continue enjoying Building.co.uk, sign up for free guest access

Existing subscriber? LOGIN

Stay at the forefront of thought leadership with news and analysis from award-winning journalists. Enjoy company features, CEO interviews, architectural reviews, technical project know-how and the latest innovations.

Limited access to building.co.uk
Breaking industry news as it happens
Breaking, daily and weekly e-newsletters

Get your free guest access SIGN UP TODAY

Subscribe now for unlimited access

Subscribe to Building today and you will benefit from:

Unlimited access to all stories including expert analysis and comment from industry leaders
Our league tables, cost models and economics data
Our online archive of over 10,000 articles
Building magazine digital editions
Building magazine print editions
Printed/digital supplements

Subscribe now for unlimited access.

View our subscription options and join our community