As announced in Budget 2018, reforms to IR35 in the private sector are set to take place from April 2020. This will mean instead of contractors being responsible for determining their own employment status for tax, the responsibility will lie with their client. It...
One of the first questions you have to think about when you start work as a contractor surrounds business structure: should you incorporate your business or work under an umbrella company? While the majority of contractors go with the limited company option, there are...
With a complex set of rules to navigate and the threat of high tax costs, IR35 is an anxiety-inducing subject for many contractors. But after changing the way the legislation works for public sector contracts last year, the government is now planning to roll out...
IR35: personal service companies If you’re a contractor operating your own limited company, you’ve probably heard of personal service companies. Understanding the term is essential when calculating your tax liability under IR35, legislation introduced to distinguish...