We reported previously on the changes to the way that contractors providing services through a company were going to be taxed. The rules were due to be changed on 6 April 2020.
Note that the introduction of these changes has been deferred due to the Covid-19 situation. The Treasury has made it clear that this is a deferral and not a cancellation and that the government remains 'committed' to reintroducing the policy.
Firms employing contractors should consider conducting a review of their workforces and how they are employed to ensure that they are set up for the re-introduction of the rules. However, it is probably safe to say that organisations have more pressing concerns at this moment.
To discuss this or any other employment matter, contact us.