• Register
Return to: Home > News > Grant Thornton offers AI tool to help UK businesses navigate IR35

Grant Thornton offers AI tool to help UK businesses navigate IR35

Grant Thornton UK has launched its own ‘Off-Payroll Workers’ (OPW) client solution designed to help organisations prepare for legislative changes set to increase their tax obligations in respect to contractors, often referred to as IR35. 

In April 2020, the responsibility for determining the employment status of OPW will shift to the end client in the private sector, following the same earlier change in the public sector in April 2017, meaning businesses could now be liable for PAYE tax and National Insurance Contributions on their population of contractors.

Grant Thornton’s tool guarantees a decision every time and includes a risk rating flag highlighting the potential for challenge to the status decision, a database to store and monitor the status of the new and existing OPW population, and notifications for periodic reassessment of each OPW while they continue to be engaged. When an OPW is deemed to be employed the tool provides practical guidance, including the agreed payroll operation and dispute resolution process.

Grant Thornton’s offering builds on the firm’s experience with IR35 in the public sector, where blanket approaches to the legislation change in April 2017 have resulted in significantly increased costs of engagement and reduction of supply chain, particularly in areas such as IT and finance, where workers prefer to operate as freelance consultants.

Top Content

    ARGA team, assemble!

    The new top team has been named that will see in root-and-branch reform at the Financial Reporting Council (FRC) as it transforms into the Audit, Reporting and Governance Authority (ARGA). Will the new duo be as dynamic as some are hoping? Robin Amlôt reports.

    read more

    FASB: a quest for simpler standards

    FASB chair Russell Golden addressed the IMA 2019 Annual Conference and Expo at the Sheraton San Diego Hotel and Marina, California, on 18 June. IMA immediate former chair-emeritus Alex Eng acted as moderator. Joe Pickard reports.

    read more

    The future of audit, and how to get there

    Two recent reports peer into the future of the audit profession. One analyses what an audit should offer, while the other looks at how the audit process will be carried out. Robin Amlôt takes a closer look at both.

    read more

    EFAA elects new president, focuses on digital future

    EFAA’s new president, Salvador Marin, outlined his key priorities for the next two years at the organisation’s 2019 annual general meeting, while outgoing president Bodo Richardt offered advice. Robin Amlôt reports.

    read more
Privacy Policy

We have updated our privacy policy. In the latest update it explains what cookies are and how we use them on our site. To learn more about cookies and their benefits, please view our privacy policy. Please be aware that parts of this site will not function correctly if you disable cookies. By continuing to use this site, you consent to our use of cookies in accordance with our privacy policy unless you have disabled them.