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The Spring Statement took place last week, but there was no mention of IR35 in the private sector, despite much speculation.

Shortly after the Autumn Budget 2017, it was disclosed that a consultation has been pencilled in to discuss whether the private sector roll-out should go ahead or not.

The consultation documents are due to be published in 2018, but the government are yet to release a date.

What’s the IR35 consultation?

The consultationon rolling out IR35 reforms to the private sector was disclosed in theofficial documentwhich was published after the Autumn Budget 17. The document states:

“Early indications are that public-sector compliance is increasing as a result, and therefore a possible next step would be to extend the reforms to the private sector, to ensure individuals who effectively work as employees are taxed as employees even if they choose to structure their work through a company.”

The document goes on to say that external research looking into non-compliance in the private sector has already been commissioned, and the expected release date of this is early 2018.

Gorilla Accounting is a specialist accountancy firm, exclusively for Contractors and Freelancers operating through a Limited or Umbrella Company.If you would like more information, get in touch with our New Business Team by calling 0330 024 0406 or email info@gorillaaccounting.com.

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