What US Executives Must Know About IR35's Impact in the UK for Independent Contractors

There is a growing concern regarding taxes and contingent workers worldwide. Most government revenues in the United Kingdom (UK) are still mainly derived from workplace taxes, which is a form of income tax along with a form of social security deduction. 

It has been identified in the UK that if people work on a non-standard employment basis, it usually means they fall outside the normal deduction regimes for workplace tax. With the United Kingdom chancellor’s announcement of IR35 in April 2020 for the private sector, it moves liability away from the independent contractors to end-users and intermediaries.

In this exclusive webinar, Gene Zaino, Founder of MBO Partners, John Piazza, Senior Vice President of Client Solutions at MBO Partners, David Cassar, Chief Operations Officer at MBO Partners, Fergal Lennon, Managing Director at MBO Partners UK, and Kevin Barrow, Partner at Osborne Clarke and leading legal expert on the staffing sector, discussed what businesses need to do to prepare for the UK’s changes for off-payroll working in the private sector.

This Q&A-style discussion covered:

• If the announcement of the new IR35 regime was coordinated with Brexit
• How the new IR35 removes the liability from individual contractors to make sure contingent workers are paying taxes correctly, just like in the United States
• The qualifications for the new IR35
• How individuals can prepare for the new IR35
  

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