IR35 Contract Review
ir35 – off-payroll WORKING
As a contractor, you will no doubt be familiar with the IR35 off-payroll working rules. You will also be aware that as of 6 April 2021 the rules changed, and the new rules require that clients’ assess the working relationship between themselves and the contractor and determine the IR35 status.
If you are a contractor, providing services to medium or large private sector clients (or any public sector client) then you could be affected by these rules, so it’s important that you fully understand them.
determining ir35 status
HMRC have put in place profiling teams to investigate contractors for IR35 compliance. Specific teams have been targeted with investigating health professionals, dentists, teachers and other service sectors in an attempt to hunt for IR35 rule breakers.
IR35 status is determined by what sector the end client is in and how large the company is. Public sector and medium/large organisations in the private sector are responsible for determining the IR35 status of the contract.
Aside from the factors relating to sector and company size outlined above, there are other factors that influence whether a contract is considered to be inside or outside of IR35.
Factors determining IR35 status:
The right to substitution – Would you have the right to send a substitute to complete some or all of your work? Would you be responsible for sourcing and paying this individual?
Control – Who controls over the way in which your work is completed? Are you in control of the hours you work, and do you need consent for time off?
Mutuality of Obligation – Is there an obligation for your client to provide you with work? Are you obliged to accept the work? Is your payment based on amount of work completed or on time required?
ir35 contract review
If you are a contractor in need of an IR35 contract review, we recommend that you contact Qdos Contractor, who offer a range of contract reviews to suit your specific needs.
They will assess your contract as well as your working practices with your end client, to provide a professional opinion regarding your IR35 status.
Related services
Start-ups
How can we help you to build your new business. Our experience across all sorts of businesses means that we can provide the direction and advice you need.
Cash flow forecasting
Don't let cashflow issues be a barrier to success. Let us help you to maximise the efficiency of your cashflow as well as preparing essential cashflow reports for lenders.
Business planning
Sound business planning support and guidance for proactive businesses. Clear strategy and objectives to drive your business.
FD support
Understanding your accounts and making the right financial decisions is vital to the success of your business. We have successfully fulfilled the Finance Director role for a variety of organisations.
Software support
With many accounting products on the market all claiming to make your life simple, deciding which one to use for your business is not always straightforward.
Tell us your story
If you'd like to know more about how Kingston Burrowes can help manage your business or personal accounts, talk to one of our friendly team today.
