Companies and Individual members and News1st October 2020 New IR35 rules: time to act Important information about the new tax rules for people operating through a Personal Service Company, and businesses that use them. In April 2021 new tax rules are being introduced which will affect individuals who operate under their own limited company, as well as medium-sized and large private sector businesses that engage their services. These businesses will face greater responsibility in determining the individual’s employment status under IR35 rules. Stephen Allender, Senior Tax Manager from Shorts