How will IR35 tax regulations affect your consultancy?
As of April 2017, new government legislation will come in to force that firmly places the responsibility for the tax compliance of contractors onto the firm for which they are working.
This means the routine hiring of external freelancers is about to become more complicated for firms who fulfil contracts in the public sector, requiring them to assess the working circumstances of every contractor they employ, and declare them to be either compliant, or outside of IR35. So why is it happening, who does it affect, and what are the implications?
In a whitepaper by Metis, Senior Associate and employment expert Oliver Weiss explains how IR35 tax regulations may affect your consultancy.