IR35 reforms delayed

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IR35 reforms delayed for a yearChief treasury secretary Steve Barclay has announced that the IR35 tax reforms, which will clamp down on tax avoidance by targeting contractors, will be pushed back by one year to April 2021 as the Treasury looks to protect the economy from the coronavirus outbreak. The announcement means that the measures, which were confirmed in the Budget last week, will no longer be rolled out next month. Stephen Barclay, chief secretary to the Treasury, said the suspension of the changes to off-payroll working rules is “in response to the ongoing spread of Covid-19 to help businesses and individuals”, noting that the move is “a deferral not a cancellation and the Government remains committed to reintroducing this policy.”

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