Expert IR35 Guidance
Expert IR35 Guidance – Your guide to IR35 beyond April 2021 IR35 affects everyone and is a term that every Limited Company contractor and their contracting accountant need to be familiar with. With big changes now in effect, what does this legislation mean for Limited Company contractors? In this guide, we look at what IR35 […]
Top 5 things contractors can take away from the IR35 consultation
The recent IR35 consultation issued by HMRC has reaffirmed that the Off-Payroll rules, in force in the Public Sector, will soon be extended to the Private Sector. We have therefore identified some key points that contractors should be aware of: 1) The changes are happening Many contractors expressed concern with the upcoming changes and urged […]
IR35 Contract Clauses Guidance
When engaging with your flexible workforce it is important to put in place a contract which clearly establishes whether a contractor is ‘inside IR35’ or ‘outside IR35’. If you reach a decision that a contractor falls outside of IR35 you need to ensure that the contract reflects this position. A standard contract should consist of […]
Being ‘Outside’ or ‘Inside’ IR35
As employment status and IR35 is so important, below we will take a look in more detail at the factors that are taken into consideration when assessing IR35 compliance, and how you can mitigate the risks associated with disguised employment. If an assignment contains evidence of ‘employment indicators’ and has the same level of risk, […]
What you need to know about IR35
Seasoned contractors and contractor accountancy services will be well rehearsed in the art of IR35, but if you’re new to the game it can be a bit confusing. So what is IR35, how does it affect you and what changes can you expect over the next couple years? In this blog, Patrick Gribben, Head of […]
How management roles and being managed can impact IR35 status
Managers provide an integral function to any organisation, and it is a core characteristic of a management role to have the right of control over subordinate colleagues. With such integration and control being evident, it can sometimes be difficult for an independent contractor to operate on a truly self-employed basis for the purposes of the […]
Why you should have separate contracts for each project to support IR35
In the world of contracting it is vital for the contract to accurately reflect the working practices of the assignment. Here we look at the value of establishing separate contracts for each project or assignment. In the event of an HMRC enquiry into any your off-payroll workers’ IR35 status, their first step will be to […]
IR35 and previous employment – Key factors to take into consideration
Individuals who have previously worked for their client as a permanent employee risk being captured by IR35, meaning their income will be subject to the PAYE tax and NI contributions. Having worked for your client previously doesn’t automatically mean that you will fall within scope of IR35 and be viewed as a disguised employee in […]
How does previous employment impact your IR35 status?
In seeking to benefit from preferential tax rates, individuals began providing services through their own limited companies and, rather than receiving a salary subject to PAYE tax and National Insurance deductions, funds would be drawn from the limited company in the form of dividends. To combat the issue of individuals receiving tax relief that they […]
IR35
IR35 applies to all business sectors and specialisms and your status can vary from contract to contract, depending on the nature of the work and details of the contract. So what do you need to know? IR35 is a tax legislation created to fight tax avoidance by workers and contractors who supply their services to […]