In response to the coronavirus pandemic, the government has unveiled plans to help support the UK’s workforce. While we welcome the Coronavirus Job Retention Scheme, there are still plenty of unanswered questions about how the legislation will work – from both an employer’s and ‘furloughed’ employee’s perspective.
The IR35 private sector reform (off-payroll in the private sector) was set to come into effect on 6th April 2020. However, due to the coronavirus pandemic, the government has decided to put the legislation changes on hold for 12 months – meaning it will now come into effect on 6th April 2021.
Business will continue as usual and we have extensive continuity plans in place to allow us to operate with minimal disruption to our services if the Government’s advice changes.
Having undergone a comprehensive audit and rigorous assessment process, Churchill Knight (Contractor Accountancy and Umbrella) has successfully earned the prestigious FCSA accreditation. Already holding a Professional Passport accreditation, adding FCSA to our organisation is further proof of our commitment to compliance within the contractor payroll sector.
Chancellor Rishi Sunak has delivered his first Budget in the House of Commons, announcing the government’s plans regarding benefits, tax, spending and the wider economy. But what does it mean for your financial health and has there been an update or amendment to off-payroll legislation?