What is IR35 and what is changing in April 2021?
What is the impact of the IR35 Private Sector Reform?
How do I know if I'm inside or outside of IR35?
Let’s look at the key areas that you need to consider to help you decide if you are inside or outside of IR35. But first, let me start this section with a short statement “The IR35 legislation is very GREY, the main reason this is such a hot topic is the fact the legislation and the ares it focuses on cannot give you a straight answer”.
What are the penalties if my IR35 status is wrong?
The main reason the UK is concerned about the new reform is due to the fact it introduces the client into the IR35 mix. Up until now, failure to comply with IR35 rules fell swiftly and fully on the PSC contractor and consisted of payment for unpaid employment taxes dating as far back at seven years (ouch).
I had planned to tell you how an Umbrella Company can remove the risk brought on by the Ir35 Reform. However, this all got halted.
Why Umbrella Companies are the Savior of the IR35 Reform!
Stay with me guys were almost finished! This is the final instalment on my “Reader’s Digest Encyclopedia of IR35”. So far, we have covered the what, why, who and how of the IR35 Private Sector Reform.