We have teamed up with Qdos Contractor to offer you a range of specialist contractor insurance products and services, including Professional Indemnity, Public & Employers Liability and IR35 insurances. Qdos are one of the UK’s leading experts in status and IR35 and have been providing advice, consultancy and investigation defence for over a decade since the legislation’s implementation in 2000. IR35 Contract Reviews are carried out by their dedicated team of in-house specialists.
The IR35 legislation was introduced to combat what is know as ‘disguised employment’ , this would be a contractor that would be classed as an employee of their client were it not for the existence of the limited company they are providing their services through. HMRC want to ensure that contractors are working compliantly and are genuinely an independent business and therefore paying the correct tax.
HMRC want to ensure that contractors are working compliantly and are genuinely an independent business paying the correct amount tax, if HMRC do choose to look into your business and begin an IR35 enquiry, the first place they will likely start is to look at your written contract followed by your actual working practices. Therefore a good first step to ensure your compliance and protect yourself should you be subject to an investigation is to have your contract and working practices assessed by a specialist. This also shows that you have taken due diligence, which reduces the likelihood of any penalties (fines) in addition to any IR35 liabilities should you be found to be caught by IR35. Most enquiries take upwards of 2 years to conclude and cause a huge amount of stress. The potential liabilities should the contractor be caught generally run into the tens of thousands.
Details of the Spring Statement. Our summary focuses on the issues likely to affect you.
Details of the Autumn Budget 2018. Our summary focuses on the key issues.