Payroll Reforms from April 2023
Today, the Chancellor, Kwasi Kwarteng has announced that the government will repeal Off-payroll legislation. The legislation was supposed to reform IR35 , but instead held businesses back. The IR35 reforms, which were introduced in the private and public sectors in 2017 and 2021 will no longer apply from April 2023.
The original rules will now remain, and contractors will be responsible for assessing their own tax.
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