An important change to tax rules is expected to take effect from 6th April 2021. This is the extension of the off payroll working rules (“IR35”) to the private sector.
CEMEX UK engages a large number of subcontractors and contractors to carry out a wide range of activities. Many of these contracts may involve the provision of a personal service to CEMEX by workers provided under these contracts, and this is where the IR35 rules may apply.
We have produced the CEMEX UK Off Payroll Working Rules (IR35) Policy which explains the guidelines for contractor engagement in response to the new rules. This policy is in the download section of UK News website here
If you are involved in engaging contractors or subcontractors for or on behalf of CEMEX UK, it is important that you read this policy, make sure that you understand it and comply with its requirements.
Our HR, Legal and Procurement teams are working to ensure we are ready for when the changes take effect next month.
We recently requested details from Managers of the CEMEX contractors and subcontractors who we understand may be affected by these new rules. We have now written to these businesses, enclosing a copy of the policy, and requiring them to provide CEMEX with certain information. It is important that we receive this information in order for them to continue to work with CEMEX after 6th April.
If you receive any queries from the service providers that we have contacted, please direct their queries to ir35@cemex.com and we will answer them.
If, after reading this policy, you are concerned that you may not have already provided details of any contractors or subcontractors who may be affected by this policy, or if you have any other questions about these new tax rules, please send details to ir35@cemex.com.