Does this have any implications on the planned IR35 changes?
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Budget Cancelled
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If general election, I can't see any of the other parties changing the direction of travel from the Treasury.Politicians are wonderfull people, as long as they stay away from things they don't understand, like working for a living!Comment
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Originally posted by pjt View PostDoes this have any implications on the planned IR35 changes?
I guess now it seems that any hope has diminished?
No idea when the next budget will be however..Comment
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If there's an election and the result is a strong majority it could mean improvements on the IR35 front. It's not politically possible to do anything to improve it with the current parliament.Comment
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Tories need to go in order to make a change IMO. Lobbying just ins't working and they seem reluctant to change their stance on this.
Whilst I have always been a Tory voter, I feel that they are losing support by trying to push IR35 through.Comment
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The cancellation of the budget certainly has an implication, in that the Finance Act, that was destined to include the IR35 changes, won’t now happen as planned.
Many things could happen; there may be an early election before April, followed by an immediate budget. If so this budget may or may not include the IR35 changes. It’ll depend on who wins, and how far up the list of priorities IR35 sits. Or there may be stand-alone legislation, although that may be unlikely as IR35 won’t be anything like the biggest policy item to be lost as a result of the cancelled budget.
Bottom line - nobody knows jack **** right now.
However some of the private sector organisations that have decided to stop dealing with LtdCos from April have said that this will not change even if the new IR35 rules don’t happen in April.Comment
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Originally posted by Amanensia View PostThe cancellation of the budget certainly has an implication, in that the Finance Act, that was destined to include the IR35 changes, won’t now happen as planned.
A Budget and Finance Bill/Act now would only have ever postponed or removed that change.
Let's be honest, the policy decision has been made and the IR35 changes in the private sector are inevitable and we are deluding ourselves if we think otherwise.Best Forum Adviser & Forum Personality of the Year 2018.
(No, me neither).Comment
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Oh, it's certainly happening. I was under the impression further enabling legislation was necessary for it to happen in April 2020 - thanks for correcting me.Comment
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Hmmmmm - after a little digging it appears that the private sector off-payroll rules are in the draft legislation planned for the Finance Bill following the 2019 budget, which has now been cancelled. I've had a quick trawl through the 2018 Finance Act and can see sections covering the loan charge rules but nothing talking about off-payroll working, or similar phrases.
The draft legislation was published on 11 July 2019.
So unless I'm missing something (and it certainly wouldn't be the first time!) further enabling legislation is required, which may or may not be passed in time for the new rules to come into force in April 2020.Comment
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