From April 6 2021, IR35 rules relating to the payment of off-payroll contractors operating through limited companies will apply to firms in the private sector who work with contractors. The debate about the impact of these rules on contractors and the companies that engage them has been raging for years now. But here we’re going to take a different perspective and look at what impact the rules could have on M&A.
The rules, which have been applied to public sector contract work from 2017, were postponed from their initial start-date in April 2020 due to the COVID-19 pandemic. Despite persistent attempts from contractor bodies, other industry groups and some MPs to further delay or scrap the rules, they are now set to come in this year.
What are the rules?
What are the liabilities business owners face?
Are there any exemptions?
What might the M&A impact be?
Should buyers and sellers be worried?
A highly regarded service provider operating over a span of 31 years. Offers dedicated residential care services for elderly and physically disabled clients, as well as residents with early dementia.
Provides a comprehensive service offering for industrial, commercial and private clients across a diverse range of sectors.
Offers a comprehensive range of design, project management and contracting services to clients throughout Southern England. Current order book is worth in excess of £1.3m, with a further £700k worth of projects in the final stages of negotiation.
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