Why do you need an IR35 contract review?

April 6^th 2020, will see the role out of the intermediaries legislation (more commonly known as IR35) to the private sector.

The controversial reform, which was rolled out to the public sector in 2017, is expected to send shockwaves through the private sector, especially for those organisations that rely heavily on contract workers.

From April 6^th, the responsibility for determining IR35 status will sit with the end-client, yet that does not mean HMRC will not pursue contractors for any unpaid taxes because of perceived disguised employment.

And that is why IR35 contract reviews are important and relevant to all private sector contractors, including engineers and technicians.

Dispel doubt and take control of your situation

If you are a contractor with any doubts as to the compliance and validity of your contract in relation to IR35 legislation, a contract review can help.

It will provide you with a clear explanation of your status in the eyes of the HMRC and help determine whether you are working Inside IR35 or Outside IR35.

If you are a private sector engineering contractor, it is essential that you ensure your contract fits within IR35 legislation. A contract review will check that clauses in your contract are compliant and that your working practices follow the terms and conditions stated in your contract.

Our partners will conduct a contract review which will provide you with an IR35 “pass” or “fail”, when concluded by the tax experts at our disposal.

You will receive a report which considers both the contractual terms and working practices based on case law and an unbiased, independent opinion which could save you thousands of pounds if HMRC do start an enquiry.

If the contract review deems you to be working inside IR35, it provides you with an opportunity to take control and open discussions with your end-client about the changes needed to ensure your contract not only states that you are working outside IR35, but also that your working practices reflect that.

IR35 contract reviews are an essential part of the Tax Enquiry & Legal Expenses insurance solution

The IR35 contract review is available for only £60.00 when purchased as part of our Tax Enquiry & Legal Expenses Insurance policy. The policy provides you with access to free helplines for legal risk advice, tax advice and a law hub which includes live chat and qualified help.

For peace of mind regarding your IR35 status a Contract Review is essential. Book yours today on 0333 321 1403