IR35 and April 2020 (Part 2)
Who will be impacted by the new IR35 rules?
The new rules will apply to
(a) medium and large businesses in the private sector that are the end-user of the worker’s services,
(b) to the fee-payer, if different, such as fee-payers in the recruitment sector, and
(c) contractors providing services to medium and large businesses, and
Where the end-user is a small company, the PSC will continue to be responsible for assessing whether IR35 applies. The Companies Act 2006 defines a small business as a business with two or more of the following features:
- turnover of £10.2m or less
- a balance sheet total of £5.1m or less
- 50 employees or fewer
How does this impact Medium and Large Companies?
If your organisation carries out an IR35 investigation and decides any of your interim workforce are within IR35 and you are running a department that relies on these skilled resources then there it is likely there will be a significant impact on your delivery capability.
You will be faced with workforce changes, skills shortages, demands for higher day rates for those that remain and people exiting your business.
Read the full article about how Techolony can help you.
Do you represent a medium-large organisation and wish to discuss our services further ?
Phone us today on 0161 209 3922 or register for a callback now. We look forward to hearing from you.
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