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Orange Genie News

IR35

MPs have voted against an amendment that would have seen private-sector IR35 reform delayed for a further two years, and in so doing have confirmed beyond doubt that the reform will take place as planned in April 2021.

The reform is included in the Finance Bill 2019-20, which has now passed through to the report stage. Amendments to the bill were comfortably defeated, leaving the contracting industry with no hope of any further delay.

IR35

As you’re probably aware, the private-sector reform of IR35 is due to take place in April 2021, and MPs recently ruled out any further delay. This comes as a disappointment to many, who had hoped for a change of heart following the Lords’ damning assessment of the reform, and of IR35 in general.

IR35

The House of Commons has voted against an amendment which would have delayed private-sector IR35 reform for two years, meaning the controversial reform is set to go ahead as planned in April 2021. The reform has been expected since similar measures hit the Public Sector in 2017, so we’ve been living with it for a long time. The expected date has been pushed back already, and it’s tempting to hope that this situation might continue, but unfortunately this is now extremely unlikely.

Limited Company

Contractors are facing uncertain times with contracts terminated or suspended due to Covid 19, alongside the continual uncertainty of the impact of Off Payroll and IR35 Reform in April 2021. Unsurprisingly many contractors are considering closing their Limited companies, but this isn’t the only option.

Limited Company

The expected off Payroll reforms which were due in April 2020 led to an increase in the number of contractors looking to close their companies down. Many decided that it was time to return to permanent employment, retire or even head for a fresh start overseas. At the last minute, the reform was delayed until April 2021, and we may well see the same effect again as the deadline approaches. In this article we'll look at the process for closing your limited company.  

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