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About Us

Blythe & Co is the trading name of DWB Ltd Registered Office: 41 Oldfields Road, Sutton, Surrey, SM1 2NB  Registered in England & Wales Company number 04314627

Blythe & Co was established in 1990 and today, we continue to build on our enviable reputation for providing excellent advice and first class service to our business and personal clients alike.

Contact Details

Please Call Nikki on:

       0208 641 6666

Or email us at: 

       david@blytheandco.com

Blythe and Co Chartered Accountants, 41 Oldfields Road, Sutton, Surrey, SM1 2NB

Off-payroll rules for the private sector 

The government has published the draft legislation for the next Finance Bill.

The government has published the draft legislation for the next Finance Bill including the rules for off-payroll working in the private sector. The legislation is open for consultation until 5 September 2019.

The new rules will apply from April 2020 and the effect of these rules, if they apply to intermediaries, typically Personal Service Companies (PSC), will be:

  • the medium or large business (or an agency paying the PSC) will calculate a 'deemed payment' based on the fees the PSC has charged for the services of the individual

  • generally, the entity that pays the PSC for the services must deduct PAYE and employee National Insurance contributions (NICs) as if the deemed payment is a salary paid to an employee

  • the paying entity will have to pay to HMRC not only the PAYE and NICs deducted from the deemed payment but also employer NICs on the deemed payment

  • the net amount received by the PSC can be passed onto the individual without the company deducting any further PAYE and NICs.

 

Please contact us for advice on how these changes will impact your business.

Internet link: GOV.UK finance bill