IR35 Reform To Be Repealed
On Friday 23rd September, the Chancellor of the Exchequer announced as part of the ‘mini Budget’ that IR35 reform will be repealed.
The reform, which was introduced in the public sector in 2017 and private sector in 2021, saw the responsibility for determining IR35 status transfer from the contractor to the end-client.
As part of the changes, the liability also shifted, from the contractor to the fee-paying party in the supply chain – typically either the recruitment agency or end-client.
This development does not mean the IR35 legislation has been abolished. Businesses impacted by IR35 reform are advised to continue prioritising their IR35 compliance.
IR35 specialist, Qdos, have responded to the mini-Budget.
Qdos CEO, Seb Maley, Commented
“Despite the huge cost of reform to businesses, repealing IR35 reform will be a huge positive for flexible workers and those who use their services. The government mustn’t waste time, though. The last thing contractors and businesses impacted by IR35 need is uncertainty. A clear and robust roadmap for reversing IR35 reform in both the public and private sectors is needed.”
With over 25 years’ experience, Qdos is an award-winning tax insurance provider and consultancy. CEO, Seb Maley, is available for exclusive comment and interview. Please contact [email protected] or call 07496736688.
Please note, the repeal has now been cancelled, following the cancellation of some of the Mini Budget announcements in September 2022.