As we’re sure you are all aware of by now, on 29th October 2018 the Chancellor of the Exchequer confirmed in his Budget that there will be changes to the “IR35” (off-payroll working) regulations.
The new rules are designed to increase compliance in the private sector; what this means is that businesses (for example, either a company or an agency) will now have responsibility for verifying an individual’s working status.
While full details of the updated IR35 regulations have not yet been released, the government confirmed that these changes will not be introduced until April 2020.
What this means for Momenta and our Associates is that we have time to assess the impact of changes and ensure that we create a compliant outcome for both parties. Momenta will monitor the development of the regulation changes and communicate our progress with Associates.
In the meantime, if you need more information about the subject, we have a blog about the existing IR35 position here.
If you would like to discuss anything with Momenta concerning IR35, please contact our Project Support Team (firstname.lastname@example.org) and we'll do our best to help you.
Please note, the government has made it clear that IR35 rules only affect those individuals working like employees and through a company. They do not apply to the self-employed.