Yesterday marked the Chancellor’s first Spring Statement. Given that we’d previously been told to expect no major policy changes or any drastic fiscal manoeuvring, the lack of any great detail wasn’t a surprise.
The contracting community were, however, expecting to see some kind of announcement on the future of potential IR35 reforms in the private sector. Although there was no mention of such reform in Mr. Hammond’s speech to the Commons, further information released afterwards confirmed that a consultation will be published later this year:
“In the coming months the Government will publish: Off-payroll working – a consultation on how to tackle non-compliance in the private sector, drawing on the experience of the public sector reform. The Government will work with businesses and individuals to mitigate the potential administrative burdens of any future changes.”