Still confused by who the new IR35 rules apply to? Read on… The new rules will apply to medium and large companies (the same criteria for non-corporate entities).
Any company which meets two or more of the following criteria in the current tax year, will be within the scope of the new rules:
• annual turnover is more than £10.2 million;
• balance sheet total is more than £5.1 million; and
• has more than 50 employees.
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Exceptions to this would be companies in their first financial year.
If you would like guidance and advice on the new rules, please get in contact with us today. Email [email protected] or call 01923 277 900.
