The Chancellor has announced that the off-payroll rules, which were introduced in the public sector last year, will be extended to the private sector with effect from April 2020. This is following submissions from PayStream, the recruitment industry, ICAEW, CBI and others that the legislation should, at least, be delayed to assess the real impact that the public sector changes have made.
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).
Following the Matthew Taylor Report on "Good work" and his recommendation for more transparency, Prism (the trade association for umbrella companies) and The Low Incomes Tax Reform Group have produced a fact sheet aimed at workers engaged through umbrella companies.