With changes to the IR35 rules happening all the time, shifts in responsibility happen, placing the onus on different parties to verify the IR35 status of freelancers and contractors. However, given the complexity of the tax legislation, parties cannot afford to be...
For many contractors and freelancers in the UK, the topic of IR35 can be both complex and confusing. And, as with all laws relating to tax, compliance is a must. Otherwise, the result may be a heavy fine and an expensive bill for back taxes. Navigating the IR35 rules...
It has been several years since the new rules on IR35 for the private sector were implemented. However, the new legislation has remained a common source of contention among self-employed individuals, contractors and freelancers. Non-compliance with IR35 can result in...
IR35 refers to a piece of tax legislation that has been a common source of contention among many contractors, freelancers and self-employed workers. In fact, many people have discovered that their business and finances are at risk because they have unwittingly...
As the saying goes, only two things in life are certain: death and taxes. Death is a given as it is a natural aspect of everyone’s life, whereas taxes are an obligation that must be fulfilled by us as law-abiding citizens. As with many laws, tax rules are no exception...
With IR35 set to target businesses in the private sector next year, it is crucial for contractors, as well as their intermediaries and clients, to make the necessary preparations to ensure compliance. Otherwise, they could end up paying a significant amount of money...
