Search Results

10 actions you can take to help you avoid a tax investigation
Contractors are often targeted for HMRC tax investigations. Here are ten actions you can take to reduce your chances of being one of the unlucky ones.
�phisticated resources, and the ongoing spectre of IR35 looming, HMRC is always looking for an excuse to� �ficially denied, experts suggest that HMRC’s IR35 contract review service acts as a source of leads and info�
Category: Articles: Tax Issues | Wed, 06 Jan 2016

Contractor doctor: can contractors take holidays when they want to?
This client has told the contractor that they cannot take off any time for holidays over the summer at all. Can they legally do this? Where does the contractor stand?
�a bit complicated because it involves issues like IR35 and right of substitution . The first issue is: w� �Dear Contractor Doctor, The client I’m contracting for had stated that until the current project goe� �egally actually force contractors to fulfil their contract every week day without taking time off? This seem�
Category: Articles: Contractor Doctor Q+A | Tue, 31 Jul 2007

Limited company or umbrella – how to choose the best payment option
Key differences explained. Learn the pros and cons of each payment option and decide which one is best for starting your contracting career.
�hed routes and have their relative pros and cons. IR35 and financial considerations It is important to e� �Payment structure options When you plan to start contracting you will need to set up a way to get paid. And as� �he third party umbrella company bank account. For contracts earning revenue outside IR35 there is a significa� �s not in any way influence the IR35 status of the contract or modus operandi of the working arrangements. Th�
Category: Articles: Limited Companies | Tue, 27 Sept 2016

IR35 successor possibilities: what happens in the United States of America
If a successor adopted a US-style independent contractor test, then any replacement would financially penalise clients for misclassification.
�is is a trap HMRC must avoid when considering any IR35 changes or replacement. IR35 in the USA – IRS tes� �ch a replacement to IR35 could ultimately lead to contracts being offshored.� �ship’ – this includes factors such as the written contract, provision of benefits and a factor similar to mu�
Category: Articles: IR35 Review: Office of Tax Simplification | Mon, 06 Sept 2010

Contractors staying outside IR35: setting expectations with a letter to the client
A contractor’s covering letter sent with a confirmation of arrangements to a client manages expectations.
�s that is likely to tip contractors straight into IR35 with all the financial implications that go with� �ional or knowledge worker whose business has been contracted to complete a specific project. As such, the cont� �r the rate or project fee and separate contract.’ Contracting’s part and parcel traps Finally, Vessey warns all� �s IR35 status will be determined by their written contract and the reality of the actual working relationshi�
Category: Articles: IR35 | Wed, 28 Apr 2010

IR35 negotiations - use employment rights to gain client cooperation
Contractors can use the threat of claiming employment rights as a bargaining chip with clients following two key rulings, says Andy Vessey of Qdos.
�s during contract negotiations, or during an HMRC IR35 enquiry . And if they lose an IR35 enquiry due to� �on their own professional business and enter into contracts to provide services to clients or customer,” cont� �m to secure cooperation from their clients during contract negotiations, or during an HMRC IR35 enquiry . An�
Category: Articles: IR35 | Wed, 10 Sept 2014

Want to go contracting and earn more money? Follow these 6 easy steps to get started
Guarantee yourself more flexibility, more varied work and better rates of pay. Find out how to do it in six simple steps, here.
�available opportunities. Step 3 – Considering the IR35 status of the contract Having a contract within I� �The contracting sector is evolving as more professionals realise� �es come and go pretty fast. The large majority of contracts will require you to interview immediately or with� �chosen field of expertise, so securing your first contract shouldn’t take too long. Similarly, the nature of�
Category: Articles: First timers | Tue, 15 Nov 2016

Outside IR35 and no pension? Get tax savings with a pension
If you are contracting outside and don’t have a pension, you are missing out on significant tax savings.
�ificant tax savings, even if you aren't caught by IR35 . Why? Because you can reduce your tax liabilitie� �If you are contracting and don’t have a pension, you are missing out on�
Category: Articles: Pensions | Tue, 07 Apr 2009

Contractor Doctor: No substitution but can hire subcontractor: what’s my IR35 status?
Contractors with client restrictions on rights of substitution may find hiring a subcontractor achieves the same goals.
�my place. This makes me slightly nervous about my IR35 status However, a contractor colleague has sugges� �e employed Andy Vessey, Qdos Consulting “In a contracting context, the work completed by the sub-contractor� �s’ claims to be working outside IR35 on their own contracts. The implication of the client saying ‘no substit� �hs. Although I have a right of substitution in my contract, my feeling is that the client would baulk at all�
Category: Articles: Contractor Doctor Q+A | Wed, 15 May 2013

Contractor contract reviews by a legal specialist
Requesting a formal contract review from a legal expert before signing can save contractors from future headaches if something goes wrong.
�legal specialist, who would not only evaluate the IR35 implications but also confirm that the contract i� �ly use advisers with a strong track record in the contracting sector and who have experience of contractor, age� �ealing with legally binding, business-to-business contracts on an ongoing basis. But many contractors sign th� �ractors are so called because they do just that – contract with clients to perform specific projects in exch�
Category: Articles: Legal | Fri, 05 Jun 2009