IR35 and Umbrella companies

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...

Warning! Umbrella companies – loan charge from HMRC

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...

Does the 24 month rule affect IR35?

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...

Can 2 Contractors work through the same Limited Company?

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...

Am I caught by IR35?

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...