in Hull and Barton-Upon-Humber
HM Revenue & Customs (HMRC) has published new guidance on the expansion of the IR35 requirements to contractors working in the private sector.
IR35 governs the tax status of people working through personal service companies (PSCs) and until now required public sector employees to determine whether contractors working for them should be taxed as employees.
From April 2020, the same rules will apply to bodies in the private sector and HMRC has published the following tips to help employers prepare for the change.
Currently, contractors working for private sector clients are themselves responsible for making sure they pay tax on the correct basis.