What is IR35? How can we resolve its issues?by Benny Gala DNS Accountants
IR35 is a process about anti avoidance rules. It is introduced in April 2000. It was come to stop those contractors who show as limited company their existent is available. It is an actual finance act which may be affective to intermediary legislation. The income tax includes this act in 2013.
Why was IR35 Introduce?
IR35 is tackling those disguised employment. This is for those self-employed basis and usually through an intermediary. It can save for those engaging organizing for a significant amount.
IR 35 Test:
Finding your IR35 status is challenging. Special for intermediary legislation in the last few years. There are many online module can help you to check your IR35. It is very necessary to check your IR35 Test.
What is included in IR35?
Review of contractual Documents
Check working practice
Comprehensive 28 page IR35 Test Report
Overall Inside and Outside Review
How does it affect you?
If you caught under IR35 legislation, you need to pay 24% extra tax each year. You need to check your IR35 status time to time. There are many online tools are providing you IR35 test services.
Created on May 3rd 2018 05:24. Viewed 348 times.