IR35 delay and how it affects the construction industry

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New IR35 rules were due to come into force this month but have been delayed owing to the coronavirus outbreak.

The postponement gives all companies in the construction sector a year to review their policies and get ready for implementation.

Business lending platform Fleximize has taken this opportunity to brief the sector about IR35 and what it means.

The regulation ensures people do not provide services through a personal services company, thereby receiving certain tax benefits.

With such a high reliance on self-employed contractors within the construction industry, the sector will be more impacted than most.

For more details, take a look at the Fleximize article in full.

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