Contractors & IR35
There is an increasing demand for specialised accountants trained within freelance issues such as IR35 and contract reviews. Speak to our team today.
Lambert Chapman LLP are IR35 Consultants offering advice to Professional Contractors in Essex.
There is an increasing demand for
- Status Issues
Is Fred really
With the new Construction Industry Scheme requiring a monthly declaration being signed and submitted to HMR&C more visits are forecast and more fines issued if errors are discovered.
IR35 was introduced in 1999 to prevent those operating through a Limited Company and often via an agency drawing large dividends and a low salary when without the intermediary their status would have required them to be an employee of the end user to whom the services are provided.
Many contractors believe that their contract is “IR35 proof” and continue to draw the dividends. But are they correct in this assumption and may a substantial tax bill be waiting for them around the corner? There are also those contractors who signed up to IR35 but now may be with a different agency under a different agreement and so may have the flexibility to remove themselves from the scheme.
The opportunity of taking specialist advice to determine whether IR35 is applicable to you as a Contractor may well represent money well spent in identifying risks or opportunities in this most difficult of areas.
> Changes to Off-Payroll Working Rules (IR35): Important changes to employment taxes with effect from 6 April 2020
If you require any assistance in this area, speak to our expert Duncan Forsyth on 01376 326266 or email him.
Meet the experts
The IR35 legislation seeks to tackle the avoidance of tax and national insurance contributions (NICs) through the use of intermediaries such as service companies or partnerships. The rules target circumstances where a worker would be treated as an employee of the...
When considering IR35 -for there to be a contract of employment in place, there are three main elements that need to be present. These are: Control – There must be control over the manner in which the contract work is completed. Mutuality of obligation – there must...
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