Confusing Terms Explained
What does it all mean? It can be confusing as a contractor starting out when you hear so many acronyms mentioned by both your agency and Umbrella Company. You may hear things such as IR35, WTR, AWR, and SDC along with terms such as ‘Opting Out’. You will also see it on documentation that you […]
Your Contract: IR35 Determination
Some time ago, HMRC determined that a minority of contractors opting to work via their own ltd company (or Personal Service Company/PSC) were performing roles in a “disguised employee” context, i.e. they were being paid via their company for work that is justifiably that of a regular employee. From HMRC’s vantage point these individuals should […]
Is your End Client’s Approach to IR35 in Your Best Interest?
It’s no secret that the vast majority of contractors do not want to work inside of IR35. The common conception (based on feedback and industry insight) is that contractors – for the most part, would like to continue to operate outside IR35 (if this is their current position). Being outside allows the individual to continue […]
IR35 Guide
As a contractor, it is imperative to have an understanding and awareness of IR35 and how it’s determined to ensure that you are paying the right amount of Tax and National Insurance. There are many factors that are assessed and considered when determining whether you are outside IR35 (self-employed contractor) or inside IR35 (a disguised […]
