Growing firms to be given two years to prepare for IR35 tax

By Tom Lowe2021-02-25T06:00:00

Incorporated firms only need to apply new rules in the tax year following two years as a medium-sized firm

Growing incorporated firms will have two years after transitioning from a small to a medium-sized business before they have to apply new IR35 tax rules, a tax consultant has said.

Incorporated firms classed as small will be exempt from the IR35 off-payroll tax being introduced in seven weeks’ time, unlike medium-sized firms, which will be subject to the new rules.

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