Following on from our January article, this is a reminder that the IR35 changes take effect from 6 April and could affect those organisations using or supplying self employed contractors through Personal Service Companies.
In brief, medium and large companies will be required to determine the status of assignments if they plan to use self employed contractors. They will be required to use reasonable care in completing the status review, provide a Status Determination Statement (SDS) and have in place a mechanism for reviewing or allowing an appeal of their status determination. Failure to carry out a status determination, provide an SDS or an appeal function, could mean that the user of the self employed contractor is responsible for the underpayment of tax and penalties.
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