Everything you need to know about IR35
AccountancyAge reports on “Everything you need to know about IR35”. If you are self-employed, or you run a business hiring contractors, you will probably have heard about IR35. It’s the legislation in place to make sure contractors pay the right amount of tax and national insurance and it was first introduced by HM Revenue & Customs (HMRC) in 2000.
It is designed to stop workers using an intermediary, such as a limited company, to pay less tax, when they should instead by employed directly by the client they are working for and treated as an employee.” Read the complete guide here.