From 1st January 2021 a new UK immigration points-based system will come into force. A total of 70 points is required to apply for the Settlement Scheme.
Former Chief Secretary Rishi Sunak was promoted to Chancellor after Sajid Javid’s resignation last week. The cabinet reshuffle happened less than a month before the Budget 2020 which will be delivered on 11th March. Off Payroll reform and Domestic Reverse Charge are hot topics in Construction and the much atticipated Budget will confirm whether the legislation changes will be inforced, amended, pushed back or abolished.
January 2020 HMRC issued 43,000 letters to companies warning of the impending Off-Payroll reform for public sector. The changes are likely to go ahead from 6th April 2020 and the long awaited Budget on 11th March 2020 will confirm whether the reforms will come into force. This will affect any sub-contractor who performs their services personally through their Limited Company. The change in to ‘Off Payroll’ rules will result in the liability shifting from the Limited Company to the ‘Fee Payer’
Do you pay PSCs directly? Are you worried about the reform?
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