IR35 Contract Review Service - Makesworth Accountants

IR35 Contract Review Service

You are in: Home | IR35 Contract Review Service

IR35 Contract Review Service

IR35 Contract Review Service

IR35 is tax legislation that is aimed at identifying people who are termed ‘Disguised Employees’ by HMRC and avoid paying tax by trading through their own company. By offering services through a company you can benefit from certain tax breaks. The IR35 legislation is there to make sure you’re a genuine company rather than an employee disguised as a company just to be able to take advantage of these tax breaks.

If HMRC considers you a disguised employee and come under IR35 regulations, they will not recognize that you – as a contractor – are self-employed from a taxation perspective. You will then be subject to the same rate of tax as an employee.

Getting it wrong could cost you

If HMRC decides to investigate your affairs, it could have major financial implications, especially if you have been contracting for several months or years. Should they take you to tribunal the consequences, if the court agree you are a ‘Disguised Employee,’ would mean that you are liable for all the tax and National Insurance you haven’t paid, but would have paid as an employee and employer – amounting to an additional tax bill of around 25% of your earnings.

That’s why we strive to ensure everything is done to show you fall outside of IR35, right from the start of your contracting career.

We have accredited member of IPSE.

we are endorsed accountant of IPSE

Call for free Confidential IR35 Accountancy service

For a free, Confidential and no obligation discussion about how we might do that, Please call us on 020 7993 8850

 

See also  Understanding how dividends are taxed

For more information, Book a Free Consultation

Need Accountancy Support?

For information on bespoke training, or if you have any other questions for Makesworth Accountants, please fill in your details below

Accountancy Support

Your Name(Required)

YOU MIGHT BE INTERESTED IN

Cloud Accounting & Support

With the advancement of technology, it is vital we have access to real-time financial information to be able to track how your business is faring, whilst empowering you to make the decisions

READ MORE

Year End Accounts

Makesworth takes its profession seriously enabling their clients to comply with the laws and regulations. We can understand that these processes are administrative and can be ambiguous for the clients to prepare.

READ MORE

Company Formation

We will not overload you with any technical jargons rather make it crystal clear for you to decide on what exact information you would like to register for your new company. We have a panel of specialists who will guide you

READ MORE

FOR MORE INFORMATION ABOUT BLOG AND NEWS

Happy with our services? Please leave us a Google Review. Click here