If you work as a contractor via an intermediary such as your own limited company, personal service company, partnership or employment agency, you need to be aware of IR35 rules. If your working arrangements mean you are subject to IR35 this will affect your tax and National Insurance payments and reduce your overall take-home pay.
Do HMRC IR35 rules apply to you?
Your IR35 status is determined by the working arrangements applicable to each individual contract you undertake and whether you work within either the private or public sector. The test revolves around the issue of Supervision, Direction and Control (SDC). If the level of SDC relating to your role means you are effectively operating as an employee, then IR35 may well apply to you.
Getting help with IR35
Our team of specialist contractor accountants is here to provide advice and guidance around your IR35 status. We offer unlimited IR35 reviews to all of our clients who fulfil contracts through their own limited company or other intermediary. With our support, you can work as a contractor without having to worry about IR35 compliance.