IR35 relates to legislation and rules intended to apply a PAYE and national insurance contributions (NICs) 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 payments which are 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.
If your company is in engaged by a public sector organisation either directly or through an agency you may find that payments to the company are made net of PAYE and NICs. See below - the topic "off payroll working in the public sector".
This treatment was originally expected to extend to many placements in the private sector from April 2020, however, this has been delayed util April 2021. It's important to note that IR35 will still apply to engagements with smaller end clients.
Our guides are designed to provide you with an overview of the IR35 rules and it is essential that you seek our expert advice on your specific circumstances.
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. These website guides are designed to provide you with an introduction to IR35. However, given the impact of IR35, 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 very latest approach to IR35 and all its implications.
Our advice will be designed to ensure that your planning is IR35 effective.