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Home IR35 – What Is It And How Does It Affect You?

IR35 – What Is It And How Does It Affect You?

Whatever your involvement in contracting, seasoned pro or just starting out, you will probably have heard quite a lot about IR35. Even some long-time contractors though have little understanding of what it actually is, how it impacts them and how, with care, they can establish working patterns and contractual relationships that keep them outside of its scope. The lack of understanding in the contracting industry causes confusion, stress and higher than necessary bills for many, with contractors being drawn into expensive umbrellas or accountancy packages on the basis of meaningless claims such as “IR35 Compliant”. This series of guides will take you through what the rules actually say and what that means for you.

Does IR35 apply to you? This is an important question if you are working as a contractor in the UK. IR35 (otherwise known as intermediaries legislation) was introduced into the UK in April 2000 by the then Chancellor of the Exchequer Gordon Brown and primarily effects contractors who often...
Melvyn Stride has been promoted to Leader of the House of Commons, following Andrea Leadsom’s resignation yesterday. Stride was previously Financial Secretary to the Treasury, the third most senior ministerial position at the Treasury, and the Minister in charge of HMRC. He will be replaced by Jesse Norman, who joins...
Financial Secretary to the Treasury Jesse Norman has confirmed that the draft legislation for the implementation of IR35 reforms into the private sector will be published this month, on Thursday, 11th July. The reforms, known as the Off-Payroll rules, were subject to a consultation process in the spring,...
The latest JobsOutlook, released by the Recruitment and Employment Confederation (REC) this week, shows that whilst employer confidence in the economy, and in making hiring and financial investment decisions, remains at near-record lows, the recent six-month Brexit extension has led to a slight rise in economic confidence – however...
As the major parties scramble for contractors’ votes, the Conservative Party has bowed to political pressure with chancellor of the exchequer Sajid Javid committing to a review of “the proposed changes to IR35” last Saturday. The Liberal Democrats, the SNP and the Green Party had previously made similar...
The independent review into the controversial 2019 Loan Charge, also known as the contractor tax, is to be delayed until after December’s general election, it was announced on Tuesday. The review, led by Sir Amyas Morse, former head of the National Audit Office, was due to give its...
Royal Bank of Scotland will compel all of its existing limited company contractors to transfer to either PAYE or an umbrella company by February 28th, according to a leaked memo. The move, likely to be a strategy by the financial services giant to avoid IR35 obligations under the...
A Professional body has urged caution over Off Payroll rollout towards the private sector Responding to last week’s Budget announcement, The Chartered Institute of Taxation’s (CIOT) main criticism of Philip Hammond’s Red Book was the number of surprise measures that were included with seemingly little or no consultation, with some...
The general-secretary of a trade association for locums and freelance healthcare professionals has suggested that an NHS organisation that has been wrapped up in a £4.3 million IR35 tax dispute with HM Revenue & Customs appears to have “thrown in the towel” by accepting to pay the disputed sum to the...
Opponents of the 2019 Loan Charge are set to return to Westminster this Wednesday to lobby MPs, and specifically prime minister Boris Johnson, to suspend the controversial levy in order for an independent impact review to be carried out. Around 50,000 independent contractors are estimated to be affected...