Thursday 11th July 2019 and HM Revenue and Customs have published the governments response to the consultation along with draft regulations and TIIN etc.
At the Chartered Institute of Payroll Professionals (CIPP) meeting in London, HMRC representatives outlined some of the principles of this new obligation on engagers and the potential implications on payroll operation to ensure the appropriate withholding of Income Tax and National Insurance and associated Real Time Reporting (RTI) obligations on the Full Payment Submission.
Since the introduction of the policies on public sector, the government have seen an additional £550,000 extra revenues across a 12 month period. The former operation of IR35 was viewed as being highly abused with only 10% applying the rule correctly.
