Coronavirus  

Fund suspensions and pension problems: the week in news

5 IR35 delay

And finally, in what will be seen as a silver lining for some campaigners, the government postponed the controversial reforms to the IR35 tax rules until 2021 in a bid to alleviate pressure on businesses and individuals amid the Covid-19 fallout.

The changes were due to come into force from April 2020 but in an unexpected announcement to the House of Commons, Steve Barclay, the chief secretary to the Treasury, confirmed the reforms would now be postponed until April 2021.

Contractors and businesses have campaigned fiercely against the changes, arguing it would hurt income on both sides while the House of Lords urged the government to delay the shake up.

imogen.tew@ft.com

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