IR35 PLANNING

Ten Forward Finance are available to help you plan for IR35

What is IR35?

IR35 is also referred to as off-payroll working, its designed to assess whether you, the contractor, are a “disguised” employee for tax purposes. Originally in force since 2000, changes have been made in recent years, first effecting the public sector in 2017 and now the private sector in 2021.

WHO WE HELP WITH IR35 ASSESSMENTS

WE HELP

  • Pre-Contract:Helping you review the tax implications of the contract and assess whether it meets your individual  circumstances.
  • Post-Contract:Ensuring you account for the tax deductions and pay the right amounts to HMRC.
  • Consultants and Contractors:If you are currently contracting your services to another company and need assistance to establish whether you should be inside or outside the legislation.
  • Employers: Large and small, we can help you review your roles and contracts to advise on whether the roles should come under IR35.
  • Umbrella companies and intermediaries: Assisting you on a case-by-case basis to ensure all your contracts and contractors are compliant with all legislation.

Get help with an IR35 assessment!

We can help you through the CEST tool and review against your contract to ensure its on the side of IR35 you expected so there are no nasty surprises.

IR35 HELP IS ON HAND

DEALING WITH IR35

IR35 for individuals

As of 6th April 2021, medium and large businesses in the private sector will be in charge of setting the IR35 status of contractors. When working with a company that HMRC considers ‘small’ in the private sector from April 2021, contractors will remain responsible for setting their IR35 status and all of their taxes. You can use the CEST tool designed by HMRC to help employers and contractors determine IR35 status.

DEALING WITH IR35

IR35 for employers

Businesses (end-clients) will be responsible for assessing an individual’s employment status. The reform will not apply to the Small Businesses, only to Medium and Large-sized. This means that if you are a small business employer, the contractors themselves still remain liable for ensuring they don’t fall under IR35.

CONTACT US FOR A NO-OBLIGATION TAX REVIEW

WANT TO KNOW MORE?

Don’t get caught out by changes to IR35!
01
Apr

Don’t get caught out by changes to IR35!

Read More
IR35: A Guide for Employers
01
Mar

IR35: A Guide for Employers

Read More
IR35: A Guide for Consultants
15
Feb

IR35: A Guide for Consultants

Read More

SOMETHING WITTY TO CONTACT US ON

We work with you to assess the potential financial and operational impact of these changes and identify areas of the business where there may be more risk. Our team can assist in tightening up contacts and ensuring that they are meeting the tax requirements for you.