Government delays implementation of IR35 Off Payroll Working Rules
The Government has confirmed that the implementation of the extension to the IR35 offpayroll working rules has been delayed for a year.
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The Government has confirmed that the implementation of the extension to the IR35 offpayroll working rules has been delayed for a year.
Given that leases do not contain force majeure clauses, and they will not be frustrated by any temporary restriction or inability to occupy the premises, tenants and guarantors will remain bound by their lease obligations and, in particular, their liability for the rent.
With the effects of Coronavirus sweeping across global markets, businesses are evaluating the practical impact on their trade. Many industries are already badly affected – whether by imposed travel bans or the quarantining of employees and customers – and business owners are concerned that disrupted trade may leave them with contractual liabilities.
In yesterday's budget, the Government announced the provision of a £1 billion "Building Safety Fund", which will be made available in 2020 – 2021.
The seemingly good news is that this applies to contracts from 1 April 2021: as stated by the Chancellor. The bad news (apart from the fact that the charge is being introduced - at all) is that the rate will be 2% and not the 1% rate that appeared in the original consultation process. However, the ugly is the exact implementation date.
The Government's review of the implementation of the off payroll working rules reform concluded at the end of February and plans to continue with the implementation of the reforms.
The WHO has declared the COVID-19 a public health emergency of international concern with the potential to become a pandemic, and the government has cautioned that cases of COVID-19 in the UK are likely to rise significantly over the coming days and weeks.
On 25 February, Bisnow hosted a panel discussion on the prospects for UK real estate in 2020. The eminent panel included representatives from Hines, M&G Real Estate, Moorfield Group, Patron Capital Partners and Schroder Real Estate. Here are some key takeaways.
The Home Office has published its policy paper setting out the main features of a new proposed immigration system, which is due to come into effect in January 2021.
For couples facing divorce, the tax consequences of their financial settlement are unlikely to be at the forefront of their minds.