IR35 off-payroll working rules aim to minimise the risk of contractors paying less tax by working through their own limited company, rather than as an employee. Learn more about what IR35 means for contractors, and the rules for determining your IR35 status.
Contractors are an important part of both the private and public sectors, contributing more than £300bn to the UK economy every year, and covering a range of roles, from HGV drivers to bricklayers, architects to accountants, and engineers to plumbers, to name just a few. IR35 was introduced to help minimise the risk of tax…
IR35 is definitely a tricky one to get your head around, and if you’re a freelancer or contractor who regularly works closely with the same clients, you’re probably wondering if it affects you. At a very basic level, the trick is to ask yourself, am I an ‘employee in disguise’? Not in the literal sense…
Like most self-employed people, contractors can usually claim business-related expenses against their tax bill. Contracting tends to involve working with a client over a specific period of time though, so to avoid any sneaky claims for tax relief from people who are actually working more like an employee, HMRC introduced the 24 month rule to…
If you’re struggling to determine your own or somebody else’s employment status, don’t worry, it isn’t you – it can be complicated! We’ll take a look at employment, self-employment and everything in between, so you know exactly where you stand, and whether you should be declaring your income to HMRC. Am I an employee or…
