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Contractor and IR35
If you do not meet the HMRC’s definition of self-employment, you may be affected by the Intermediaries Legislation, otherwise known as IR35, if you are working as a contractor through an intermediary, for example a limited company providing services to customers via the company, without which you would be classed as an employee and liable to pay tax and national insurance. The monetary consequence can substantially reduce personal income by up to 25% costing thousands if the HMRC become aware that the IR35 applies and you have submitted a tax return accordingly.
Contact us today for specialist advice in this complex area of tax legislation to analyse IR35 compliance and reduce the risk of penalties. We can help offer solutions whilst acquiring maximum rebates given under the Tax and National Insurance Contributions Law ensuring that you pay the correct amount of tax.