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...
Outside of IR35 verdict in the private sector The new ‘IR35 in the Private Sector’ legislation – that was postponed at the last minute in March 2020 – is now due to take effect from 6th April 2021. The postponement in March 2020 wasn’t enough to prevent many...
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...
Two Contractors can work through the same Limited Company. The pros are for couples because when one is earning more than the other, or one is without a contract, the tax can be equalized and it can help avoid Higher Rate Tax. Accountancy costs can be saved because...
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...
