The decision was taken as one of a number of measures introduced to give support to businesses and individuals in the light of the economic impact of the Corona Virus (COVID-19.) It means that the existing rules will continue to apply until April 2021.
We would stress that this is a delay and not a cancellation: the government is still determined in the longer term to introduce the new rules to ensure that people who basically work like employees (but through their own limited company) pay roughly the same level of tax as the corresponding individuals who are directly employed by an organisation.
As always, and particularly in these uncertain times, when the Government is liable to change things quickly, if you have any questions at all about this or any other accounting, taxation or general financial matter, please do not hesitate to get in touch with us.
Octave Accountants: the reliable accompaniment to your continued business performance
At Octave you can expect friendly and professional customer service with simple and transparent pricing, meaning no hidden costs or nasty surprises. We are based in Southampton but work with businesses across the UK of all sizes to manage their accounts and tax.
We have over 20 years experience in the industry and we will offer you the most expert advice and guidance on what is best for you and your business, allowing you to make the most informed decisions possible.
We are more than just an Accountant, we can act as your very own Financial Director, your knowledgeable tax expert and trusted bookkeeper. At Octave we won’t use jargon or try and confuse you. We have a relaxed but professional approach and are always available if you have any questions or concerns.
If you have any questions or would like to arrange a no obligation meeting then we'd love to hear from you
Simply fill in the form below and we’ll get back to you as soon as we can. If you'd rather speak right away give us a call on 02380 176190.
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