Impact of changes on your business and action needed now
The changes might have an effect on you if you are a freelance business or your business engages freelancers. The effects might include an increase in the burden of administration work, the cost of that extra work, practical difficulties in operating within the changed rules, and the commercial and financial impact on your business.
With less than a year to go before new rules come into effect, it is very important that you start now to take steps to prepare for the new IR35 rules if you are a freelancer working through a PSC or if you engage any freelancers through PSCs or other intermediaries. There are numerous steps that should be considered. If you engage freelancers, it is recommended that you begin by identifying those freelancers working for you through intermediaries and the labour supply chain in each case, and then implement processes to determine those freelancers’ status. Further steps are likely to be advisable, and we recommend that you seek advice or guidance on these from suitable advisers or sources.