CONSULTANTS and contractors across Kirklees will see clearer guidelines to determine their tax liabilities from this month, says a local specialist.
Nick Brook, who runs TaxAssist Accountants at Lockwood, said new HM Revenue & Customs guidelines on “disguised employment” were being piloted from this month.
He said: “There are thousands of consultants and contractors across the district, particularly in the education, healthcare, IT, clerical, engineering, legal, accountancy and construction sectors, who are genuinely self-employed and have legitimately set up limited companies.
“But for a long time they have lived in fear of being caught by IR35 legislation because there has always been so much confusion about the rules.”
He said: “The new guidelines aim to bring long-overdue clarity for people who carry out genuine freelance work and will be welcome news for many businesses in Kirklees.”