The Bounce Back Loan Scheme (BBLs) was introduced during the coronavirus pandemic by the UK government to offer financial help to businesses struggling due to COVID-19. Continue reading as we…
Contractors working in the public sector can no longer determine their own IR35 status as of the 6th of April 2017. If you work in the public sector, your public sector client is responsible for determining your IR35 status and should take reasonable care in making the assessment.
HMRC passed the legislation for off-payroll workers in the public sector to stop the tax avoidance of workers engaged through their own limited company, who would otherwise be working as an employee if not for the personal service company (PSC) arrangement.
If your client deems your assignment as being inside IR35, they must inform your recruitment agency or other third-party body. Your agency or fee-payer will then make the necessary tax and National Insurance deductions before making payment to your limited company. If you contract directly through the public sector body, the public sector body will then make the deductions.