IR 35 Centre
IR35 relates to legislation and rules intended to apply a PAYE and NIC charge on earnings from a company or partnership which is termed an "intermediary." It is intended to prevent the lower rates of tax which would otherwise apply from being available to work which is regarded as "disguised employment".
The Government has made it clear that IR35 will remain an integral part of the taxation system but they will aim to simplify the administration.
It is vital that you seek our advice on all aspects relating to IR35.
Understanding the rules and how they impact on your business is an area where we have gained considerable expertise. Our guides are designed to provide you with an overview of the IR35 rules. It is essential that you seek our advice on your specific circumstances. Do please email us or call, we would be pleased to meet with you to ensure that your planning reflects the requirements of the IR 35 rules and their implications.
Our advice will be designed to ensure that your planning is IR35 effective.
For many years, people leaving jobs to become self-employed were advised to instead set up one man companies to provide their services; offering the security of a limited liability company and significant national insurance savings. We offer a brief introduction into IR35.
The IR35 rules aim to catch anyone who, by placing an intermediary between himself and his employer, gains some tax (including national insurance contributions) advantage.
There are several ways you can avoid IR35 - although they may not be palatable to you, or your customers.
If you have established that some of your work will be caught by IR35 and that PAYE tax and national insurance will have to be accounted for on a deemed salary payment at 5 April 2015.
In this series of IR35 guides you will be able to consider the impact of IR35 and the effect it has on those workers providing their services through intermediaries.
Details of the important dates in relation to IR35.
The legislation known as IR35 is intended to tackle the avoidance of tax and national insurance contributions through the use of intermediaries such as service companies or partnerships.
There are special tax rules affecting the construction industry, which are designed to ensure that tax is paid by workers in the sector whether they are employed or self employed.
HMRC charge interest on underpayments of tax, and pays interest (repayment supplement) on overpayments.
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