Written questions, answers and statements

Financial Services: Off-payroll Working

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Question for Treasury

UIN 9038, tabled on 14 October 2024

Question

Mr Richard Holden
Conservative
Basildon and Billericay
Commons

To ask the Chancellor of the Exchequer, what steps she is taking to help reduce the impact of off-payroll working rules on the financial services sector and those working in it; and whether she plans to review those rules.

Answer

James Murray
Labour
Ealing North
Commons

Answered on

17 October 2024

The Government keeps all tax policy and legislation under review.

The Government and HMRC published both external research and internal analysis on the impacts of the 2021 reform in the private and voluntary sectors here:

https://www.gov.uk/government/publications/short-term-effects-of-the-2021-off-payroll-working-rules-reform-for-private-and-voluntary-sector-organisations

https://www.gov.uk/government/publications/impacts-of-the-2021-off-payroll-working-rules-reform-in-the-private-and-voluntary-sectors/impacts-of-the-off-payroll-working-rules-reform-in-the-private-and-voluntary-sectors

HMRC will continue to provide support and guidance to individuals and businesses operating the rules, including those in the financial services sector, and will continue to look for opportunities to improve the way these rules work in practice.

Answered by

Treasury
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