Times have changed
Starting a business can be confusing. Starting a contractor business can be even more so as not all contractor arrangements are equal.
doesn’t think you meet the criteria for “self-employment”, you will need IR35 legislation...
This will mean
account for both Employers and Employees National Insurance on most of your company’s income.
That’s an additional tax charge of around 25%.
In the past, HMRC hasn’t challenged too many contracts. Indeed, a lot of contractors have taken the view that it won’t happen to them.
Times have changed.
The Government is chasing every penny in tax. So to ensure that you stay the right side of the law and can sleep easy,have your contract checked out to make sure you’re on the right side of IR35 legislation..