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The Big Picture - March 2019

Paul Malley

Paul Malley | Managing Director

Thursday 28th Mar, 2019

Earlier this month we had a relatively quiet Spring Statement that was somewhat overshadowed by the uncertainty cast by Brexit. We also saw the release of the consultation document for the IR35 private sector reforms. The consultation was largely as we expected, with the government generally mirroring what they did in the Public sector in 2017. It is however, clear that HMRC wants to place even more responsibility and liability on the supply chain in the private sector, then they originally did in the public sector.

There are still lots of questions that need answering, but what we do know is that there is a lot education required for agencies, end clients and contractors alike. That’s why this month, Julian, our Legal Director, gives a more detailed update on these reforms.

We will also be hosting contractor specific webinars and are already sharing useful content on our social media channels, so to keep up to date with how the IR35 Private Sector reforms progress make sure you’re following PayStream on Facebook, LinkedIn and Twitter.

"It is however, clear that HMRC wants to place even more responsibility and liability on the supply chain in the private sector, then they originally did in the public sector."

Given how topical this subject has been in recent times, we also have an interesting article on the difference between tax evasion, avoidance and planning.

In other news we help our limited company contractors prepare for the year end with our Year End Tax Guide, whilst also providing advice on the benefits that can be had through effectively using social media as a networking tool.

Related article - IR35 private sector reforms update - the consultation is out

On 5th March the consultation document was released for the private sector

The consultation was largely as expected although HMRC clearly wants to place even more responsibility and liability on the supply chain than in the public sector. As expected the start date will be April 2020 and the consultation will run until the end of May.

Read more here