Over the last few years we have seen a number of legislative changes that has impacted our sector which I have covered in my recent articles and posts. More recently these have included off payroll working in the public sector (IR35) , the Criminal Finance Act, the Taylor Report on the GIG economy and now we have the consultation on off payroll working in the private sector (IR35).
Last month the Government announced that they had opened a consultation on off payroll working in the private sector. The suggestion is that there has been no material impact in the public sector since the changes were introduced and that the changes have been a success. Our experience of this is somewhat different and this is what we will be feeding back in our submission to the consultation.
Here at PayStream we have recently launched our new limited company service, My PSC Exec service. The service is aimed at providing an enhanced accountancy package as well as personal financial planning advice for contractors and their family members.