On Friday the Chancellor of the Exchequer, the Rt Hon Kwasi Kwarteng MP, published the government’s Growth Plan – a package of measures to deliver growth, a simplified tax system that supports business investment across the United Kingdom and allows people to keep more of their own money.
Amongst all the tax cutting measures, the changes to the IR35 regulation stands out. From 6th April 2023, workers providing their services via an intermediary will be responsible for determining their employment status not the company they contract to. This takes the law back to how it was before 2017.
Headline measures announced too on Friday include:
Further measures to encourage investment across the UK, cutting red tape and freeing businesses to grow include:
If you have any questions on the above, or are unsure how these measures will affect you, please do not hesitate to contact the office on 01827 54944.
Martin and Sandra