IR35:
Archive - Question 11
Will we need to change our accounting and payroll systems?
All we are asking an intermediary affected by the legislation to do is to calculate a deemed payment at a set time and then pay tax and National Insurance Contributions (NICs) on that deemed payment - either on the 19 April after the end of the tax year, or in the normal monthly or quarterly way, if there is a deemed payment other than at the year end.
So there is no need for anyone to have to change accounting and payroll systems, or for the Revenue to change banking forms to cope with deemed payments.
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