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.
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.