IR35 Postponed – Good News for Workforce Flexibility in Uncertain Times
As part of the package to support with the coronavirus outbreak, The House of Commons have deferred IR35 legislation changes until April 2021.
Chief Treasury Secretary Steve Barclay has said that the move is part of a broad package of measures the Treasury has announced to protect the economy from the coronavirus outbreak.
This welcome news comes as a relief to both contractors and companies that rely on the flexibility that an Interim workforce can provide.
Barclay said that move is part of a broad package of measures the Treasury has announced to protect the economy from the coronavirus outbreak.
He confirmed that the decisions was “a deferral, not a cancellation, and the government remains committed to reintroducing this policy”.
Businesses welcomed the move, with IR35 expert Qdos boss Seb Maley saying that the government had “seen sense”.
Given the economic challenges that lie ahead of the UK, now certainly would not have been the right time to roll out needless tax changes that endanger hundreds of thousands of contractors’ livelihoods.
“That said, this is only a delay, albeit a very welcome one. It does, however, give private sector firms vital time to prepare for reform, which can only be a good thing for contractors. What matters now is that businesses use this time wisely.”
Given the current climate this should have a positive effect on the markets generally and at the same time, give employers flexibility to hire Interim staff without the worry of IR35.
If this helps make any hiring decisions easier to make for you and your Finance team, please do get in touch with us.
We have a specialist Interim team than will respond extremely quickly and could realistically provide Interim support to you within 24 hours.