The Ultimate Guide to Prepare for IR35
Previously, companies in the UK private sector have been able to engage contractors on a self-employed basis – giving them the liberty to disguise said contractors as employees and, as a result, creating tax discrepancies. On 6 April 2021, this trend will change as IR35 legislation merges into the private sector, aligning with rules already established in the public sector. This will prevent companies from leveraging this loophole among many other nuances.
In order to help companies get prepared, PRO has created a comprehensive guide addressing the upcoming rules and providing solutions to help navigate IR35. A few topics in the playbook include:
- - Required status determination statements
- - Properly identifying contractors both outside and inside IR35 legislation
- - Penalties for employee misclassification
- - Workforce assessment activities and financial impact modeling
View the full IR35 guide and find out how PRO can help your organization prepare for the upcoming legislation!