IR35

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24-month rule for travel and subsistence explained

2020-01-14T10:02:19+00:00By |

Being a director of a limited company, entitles you to claim for legitimate expenses that relate ‘wholly, exclusively and necessarily for the running of the business.’ A full list of allowable business expenses is available in our Expenses Guide. Included on this list are travel and subsistence expenses. But it may not come as a [...]

Did you know you can claim these as a business expense?

2020-01-07T10:30:12+00:00By |

At the last count, unclaimed business expenses cost UK small businesses a whopping £238 million each year. That’s a lot of money that could be lining small business owner’s pockets. We constantly remind the contractors we work with to claim for everything they’re allowed to because expenses are off-set against the profit they pay Corporation [...]

What to expect from an HMRC IR35 inspection

2019-11-19T09:54:10+00:00By |

It’s hard to say how many IR35 inspections HMRC undertakes each year, but figures place it between 250 -1000+. If you need a refresher on what IR35 is and how it can affect you as an independent contractor, then everything you need to know can be found in our ‘Ultimate Guide to IR35’ Being the [...]

How will my take-home pay be affected by IR35?

2019-11-12T11:59:25+00:00By |

Working through a limited company is one of the most tax-efficient ways to work as an independent contractor. This set up tends to work well for contractors who are deemed as working ‘outside of IR35’, but if you’re caught ‘inside IR35’ it’s highly likely you’ll pay more tax. Let’s look at how your take-home pay [...]

Are you inside or outside of IR35? 

2019-11-05T10:12:33+00:00By |

The Intermediaries Legislation or ‘IR35’ as it’s most commonly referred to is a complex piece of legislation and knowing whether you’re ‘inside’ or ‘outside’ of it can be just as confusing. This article discusses what it means to be inside or outside of IR35 and explains who is responsible for determining your IR35 status. First, [...]