Under self-assessment HM Revenue & Customs (HMRC) has the power to open an enquiry into any tax return or set of business accounts.
Experience has shown that HMRC is more likely to have contractors under their IR35 spotlight. Many IR35 challenges are usually as a
direct result of a PAYE compliance visit, consequently the professional fees to defend such enquiries can be substantial. It is therefore
imperative that the contractor takes control by protecting themselves and their business.
This is where Qdos can help. Qdos is the UK’s leading authority on IR35 status issues and has won over 1,000 disputes to date
against HMRC resulting in tax savings of over £36m for clients.
Qdos has used their experience to tailor a unique range of
tax insurance products
and consultancy services which are designed to help the freelance contractor
fight their ongoing battle against IR35 investigation.
Other great services and products that Qdos offer includes a selection of business insurance tailored for contractors
with Employer's and Public Liability and
Professional Indemnity cover
included. The premiums for these insurances are extremely competitive, with Professional Indemnity insurance set at just £132 for £1m of indemnity.
Alternatively, membership to the Qdos Freelancer Club is a great way to
take advantage of up to three contract assessments a year, an IR35 compliant contract and unlimited access (by telephone and email) to taxation,
employment and health & safety specialists. Freelancer Club membership is included free of charge with all insurance products.
Don’t wait until HMRC contacts you, contact Qdos today and protect you and your business. For professional and friendly help and
advice call the specialist Freelance Team on +44 (0)1455 852030 or visit www.qdosconsulting.com/freelancer.