Manage Your IR35 Process
What is IR35?
IR35, more formally known as the ‘Intermediaries Legislation’, is a piece of tax legislation first introduced in 1999-2000 that is designed to determine whether an individual supplying their services to a hiring company via an intermediary (eg, a ‘personal service’, or limited company) is in disguised employment.
In other words, if it weren’t for the existence of the intermediary, would the individual in fact be an employee. Whether an individual is ‘inside’ or ‘outside’ of IR35 has a significant impact upon the tax and NIC payable to HMRC.
In recent years, HMRC has updated this legislation with changes called ‘off payroll’, scheduled for implementation in April 2021. The changes associated with off payroll are fundamental, affecting all parties in the contracting supply chain: hiring company, contractor and recruitment company.
How can Adepto help?
The Directors at Adepto are experts in the legislation and have been helping contractors and hiring companies with their compliance in this area ever since it was first introduced in 1999-2000. We are delighted to announce that we have now joined forces with IR35 and insurance experts, Kingsbridge, in order to offer a market leading, compliant solution to the latest piece of legislation, off-payroll.
Whether you are a contractor looking for more information and assistance in this area or a hiring company looking to find out more about how you can engage with contractors compliantly, Adepto can help. Click below.
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