HMRC has updated its guidance notes on IR35 which should help make things clearer for contractors looking for clarification on the often cloudy subject.
Nineteen pages of information have replaced the previous FAQs guide, dividing into more accessible sections filed under ‘Intermediaries legislation’, ‘How it applies to you’, How to work out if it affects you’, ‘Contracts’, ‘Deemed employment payment’, and ‘HMRC enquiries’.
The guide has been updated following recommendations set out in the House of Lords Select Committee’s report on Personal Service Companies (PSCs), released earlier this year.
The new information should assist contractors and freelancers who wish to determine their employment status and find the most appropriate and legal way of operating for their taxation and business needs.
Need IR35 Guidance?
The subject of IR35 can be tricky and confusing, no matter how many guides you read on the subject! At K&B Accountancy Group we believe in providing our clients with the best advice possible. That’s why we have partnered with IR35 experts, Bauer and Cottrell, who have presented evidence to the Lords’ PSCs inquiry as members of the IR35 Forum. For expert IR35 advice that you can trust, contact us today.
For more information on how IR35 affects you, or to enquire about IR35 contract reviews, contact us today on 0207 078 0211 and we will be pleased to assist you with your requirements.