IR35 Hub

For free, no-obligation advice, please call us on 0800 195 3750 or download our Guide to IR35.

Accounting

IR35 contract reviews
FCSA accredited
Cloud accounting software
Fixed monthly fee
Company formation
Personal accountant

Umbrella Solution

No IR35 risk
FCSA accredited
Insurances included
Benefits portal
Competitive margin
Same day payments
Account manager

ICS Switch

No need to close your PSC
Stress-free contracting
Insurances included*
Benefits portal
Competitive margin
Flexibility between solutions
Account manager

*Umbrella only

IR35 Assessment

Role-based assessment
For agencies
For end clients
For contractors
Free to use
Immediate status
Accurately advertise roles

How can ICS Accounting help?

Options once results delivered

Agency managed service

IR35 in 5 quick points

  1. IR35 – off-payroll working changes that came into effect in April 2021, mean that the end client will now make the decision on your status.
  2. IR35 determines whether or not contractors are ‘disguised employees’ or are, in fact, self-employed.
  3. If you are ‘inside IR35’ it means that, as a contractor, you are liable for full PAYE and NIC’s.
  4. IR35 is determined on an assignment by assignment basis and can change on each contract.
  5. Being ‘inside IR35’ doesn’t mean you can’t work through a limited company.

What determines IR35 status?

There are several factors to consider, including but not limited to:

  • Right of Substitution – will the client allow a substitute to provide the service?
  • Supervision & Control – does the client tell you how, when and where to do the work?
  • Mutuality of Obligation – is the client obliged to offer work to you and are you obliged to accept this?
  • Financial Risk – do you have to pay for your own training/tools? do you have to remedy any work which you had done under the agreement previously at your own expense?
  • Business on your own account  – are you able to carry out work for multipule cleints?

Our IR35 audit is a vital stage in allowing our contractors to determine their correct employment status if they operate through a personal service company [PSC]. From 6th April 2021, if your end client is a medium or large business in the UK it will be their responsibility to determine your IR35 status.

We can support you, your agency and your end client with the upcoming changes so please contact us to hear more about our compliant accounting solutions.

There’s an exemption for end-clients who are ‘small businesses’ as defined by the Companies Act 2006 which means meeting two or more of the following criteria:

  • Annual turnover < £10.2 million
  • Balance sheet total < £5.1 million
  • < 50 employees

Where the end-client meets two or more of these criteria, responsibility for determining the IR35 status of a contract remains with the PSC and the changes do not apply.

With the investigation of many IR35 cases still continuing, it is important that contractors are fully aware of their IR35 status.

To avoid being caught up in an investigation by HMRC, download our FREE IR35 guide, call our IR35 Helpline on 0800 880 7056 or complete the form and a member of our team will be in touch.