This brief guide will help you understand some of the nuances around the IR35 legislation.
IR35 is a piece of legislation that focuses on the employment status of self-employed contractors operating as a Personal Service Company (PSC/Ltd) and the impact on tax and national insurance contributions since 1999.
It was created to increase HMRC’s revenue on Tax and National Insurance.
Previously, it was the contractor who determined what their employment status was on an assignment.
New legislation now puts the onus of determination on the End Client/Company receiving the services in the supply chain.
This will now the bring the private and public sectors in line.
This will affect all public services, and medium to large sized End Clients / Companies.
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