Are you affected by IR35 tax legislation? If so it is important to know the rules. IR35 is a set of rules concerning tax and National Insurance contributions if you work through an intermediary via a contract. This can be your own limited company, a service or a partnership.
Some quick facts about how IR35 affects your business
- IR35 means ‘intermediaries legislation’
- Affects mainly small businesses
- You may be liable to pay around 25% more tax if you do not comply with IR35
- A specialist tax advisor may be able to help you if you run into difficulties
- Ensure you check your employment status for tax
If you would like help with any aspect of IR35 legislation contact one of our team today. Further detailed information about IR35 can also be found here.
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