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Reply to: Working for Small Companies
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Previously on "Working for Small Companies"
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Confusion is....who is the 'small company' ?. the ultimate end client, agency, etc ?
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Originally posted by Mabs J The Chaffinch View PostThank you Kojak, thank you. what service!
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Originally posted by Mabs J The Chaffinch View PostSorry if this is a silly question but I’ve read conflicting reports on what is the definition of a small company. I’ve heard it said that to not be affected by the new rules, the company must have no more than anything more than anywhere between 20 and 100 employees. Does anyone know what that figure is?
Also I believe there is a certain turnover threshold regardless of number of employees. Could somebody confirm that please. Thank you.- Fewer than 50 employees
- Less than £10.2 million turnover per annum
- Less than £5.1 million on the balance sheet
Any 2 out of those 3 defines you as a small company, making you exempt from the IR35 legislation.
See here for details April 2020 changes to off-payroll working for clients - GOV.UK
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Working for Small Companies
Sorry if this is a silly question but I’ve read conflicting reports on what is the definition of a small company. I’ve heard it said that to not be affected by the new rules, the company must have no more than anything more than anywhere between 20 and 100 employees. Does anyone know what that figure is?
Also I believe there is a certain turnover threshold regardless of number of employees. Could somebody confirm that please. Thank you.Tags: None
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