
Private sector contractors and IR35
We are just under 6 months away from the 2020 tax year starting, and with it the extension of the IR35 legislation to include contractors in the private sector. From July, when the draft legislation was published, the estimation was that around 180,000 individuals working through their own personal service company (PSC) could be affected, in addition to around 60,000 businesses who engage contractors using such models. so what's happening? Since the draft was published, hirer