The ‘IR35 in the Private Sector’ legislation – that took effect from 6th April 2021 is still the law. Consequently, for hirers of a certain size (generally turnover over about £10m), the end-client is still supposed to consider the IR35 status of a contractor –...
Umbrella companies have been around for many years. They basically combine the job insecurity of the self-employed with the high taxes of an employee under PAYE – but they have been ‘popular’ because they allow the hirer to pay a worker in a way that helps them...
The story of a client who was contacted by HMRC The concept of an HMRC loan charge from payments from an Umbrella Company is likely something you haven’t encountered before, or maybe you just have and you need some advice. I have a client who came to us for help...
Contractors, working through their own Limited Companies sometimes think that the 24 Month Rule and IR35 are connected but they are not. You are caught by IR35 if you work more like an employee than a self-employed person but the 24 month rule relates only to travel...
Four factors are usually used to decide whether you are caught by the IR35 rule (working like an employee vs self-employed person). You are not caught by IR35 if: CONTROL: You decide how you work and it is not controlled by the client. SUBSTITUTION: If you have a...
As a Contractor you can handle your income in 3 different ways. Go on an agency payroll – the simplest option but you will pay PAYE and NI on your earnings; use an Umbrella Company where you again pay PAYE and NI plus pay the Umbrella Company a fee and possibly not...
