This month the entire sector is waiting with baited breath for the Budget on the 29th October to see if it brings news of the controversial changes regarding IR35 (off payroll working) in the private sector. As and when we learn more we will be sure to let you know how this affects you. In this month’s newsletter we expand on what this may mean for the sector along with our views.
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.