IR35 - Is it time to review your contract?
BBC presenters have recently hit the headlines by operating through their own service companies. You can read this news by clicking here.
This is just one example that demonstrates that the ‘intermediaries legislation’ (IR35) and your employment status is very much still on the agenda at HMRC.
HMRC want to make legislative changes and there is evidence that case law is being either ignored or misinterpreted to suit HMRC’s arguments. There has also been challenges to employment status declaration that neither had technical merit nor economic value to the Treasury.
It is now more important than ever for you to understand the status of your engagement – there is a lot of money at stake! You should have the peace of mind that you are working within the rules.
So IR35 is not going away. We accept that IR35 can be a complex issue, but it can be managed – and with our partner, Abbey Tax’s contract review service, it can now be done so at an incredibly reasonable cost.
We can get your contracts reviewed by Abbey Tax for a reduced fee. You will benefit from a comprehensive report that looks at both the contractual terms and the working practices to offer a clear opinion on the IR35 status of your engagement. If you are interested, then please contact us and with our introduction you will receive a 30% discount with our partners, Abbey Tax.