Let’s break it down
IR35 is one of the most talked-about pieces of legislation affecting contractors, and for good reason. It determines whether you’re genuinely self-employed or should be classed as an employee for tax purposes—and the financial impact can be significant.
If HMRC decides you’re inside IR35, it means you could be liable for PAYE tax and National Insurance as if you were a full-time employee, even if you’re working through your own limited company. That can massively reduce your take-home pay.
A contractor-focused accountant can signpost you to IR35 specialist teams for IR35 reviews, contract assessments and working practice reviews when needed to ensure you stay tax efficient in this area. They’ll also support you in making any necessary changes—without disrupting your income.
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