The news keeps coming thick and fast on support for businesses during this chaotic time - although we are still awaiting the full details on accessing financial loans and support packages.
We should know more by the end of this week or early next week.
In the meantime, you may find these links helpful:
COVID-19: guidance for employees - useful FAQs
I will keep you posted as more information emerges but please reach out for specific help.
New IR35 Off-Payroll Rules get kicked into touch
Despite much controversy, the new IR35 (off-payroll) rules were still very much on the agenda in last week’s Budget statement, despite protests from the private sector.
They were set to come into force from 6 April 2020 causing all sorts of administrative headaches for large and medium-sized companies and potentially catastrophic loss of earnings for contractors across the UK.
Yet they were no match for the coronavirus, as the decision was made yesterday to delay the introduction until 6 April 2021.
Steve Barclay, the chief secretary to the Treasury said:
“I can also announce this evening, madam deputy speaker, that the government is postponing the reforms to the off-payroll working rules, IR35, from April 2020 to the 6th April 2021.
The frosty exchange between the Lords and HMRC with ‘visibly irate peers and a visibly shaken HMRC’ per this article is worth a read!
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