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<p>The off-payroll working rules (sometimes known as IR35) only affect people working
like employees and through a company. They do not affect the genuinely self-employed
and do not focus on specific trades or professions.</p><p> </p><p>The announced extension
to the private sector, and the recent reform in the public sector, do not change the
employment status of freelance financial service providers. As in all cases, whether
they are employed, or self-employed, depends on the facts of their working arrangements.</p><p>
</p><p>The recent changes to the off-payroll working rules in the public sector, shifted
responsibility for assessing the individual’s employment status from the individual’s
company to the public authority. At Budget 2018, the Government announced its plans
to extend this reform to the private sector.</p><p> </p><p>HMRC will provide further
detailed guidance and support, to help business and individuals implement the reform,
before it takes effect in April 2020.</p>
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