IR35 reforms will go ahead as planned in April 2021

02 July 2020

The off-payroll working reforms will go ahead as planned, in April 2021, after initially being delayed from their intended implementation in April 2020, due to the economic pressures and uncertainty caused by the outbreak of coronavirus.

On 1 July 2020, the off-payroll working clause and schedule within the Finance Bill passed successfully through Report Stage in the House of Commons. It is expected that the Finance Bill will receive Royal Assent prior to the Summer recess,  at which point the Queen formally agrees to make it an Act of Parliament.

Conservative MP, David Davis and Liberal Democrat, MP Ed Davies had proposed an amendment to the Finance Bill to delay the reform until 2023-24 but fellow MPs voted against this, and the motion was defeated. This will not be welcome to many freelancers, who are opposed to the reforms being bought in at all, let alone from at the start of the next tax year.

 


Information provided in this news article may be subject to change. Please make note of the date of publication to ensure that you are viewing up to date information.