The Companies Act definition states that the qualifying conditions are met by a company in a year in which it satisfies two or more of the following requirements:
1. Annual Turnover - not more than £10.2 million 2. Balance sheet total - not more than £5.1 million 3. Number of employees - not more than 50.
This stage of consultation will close on 28 May 2019.
CIPP comment In addition to surveying payroll professionals in the coming weeks on this next stage of consultation, the CIPP policy team will also look to hold a think tank roundtable event to discuss the details of implementation. Invites will be sent out to Full, Fellow and Chartered members in due course but in the interim if you would like to lodge your interest to attend this event please email us using ‘off-payroll private sector’ in the subject box.
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The Chartered Institute of Payroll Professionals
Payroll: need to know
cipp.org.uk
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