IR35 – Personal Service Companies

The term IR35 relates to legislation intended to apply a PAYE and NIC charge on earnings from a company or partnership which is termed as an "intermediary".  It prevents the lower rate of tax which would otherwise apply from being available to work which is regarded as "disguised employment" and is anti-avoidance legislation which can have a wide ranging impact on your business and tax affairs. 

Advice is essential in dealing with this complex legislation and understanding the rules and how they impact on your business is an area in which we have considerable expertise.  It is important that your business is structured in an effective way to counteract this anti-avoidance legislation if this is possible.

We are experienced in reviewing the structure of your business and its contracts with your customers with the interaction of IR35.  It is imperative that specialist advice is under taken in this respect as the contracts will need to stand up to HM Revenue & Customs scrutiny as indeed do the terms and conditions in which your contract operates.

For further information on how we can help you, contact:

Jason Fayers
tel:       01473 259201
email: Jason Fayers

Nick Banks
tel:       01473 259201
email: Nick Banks

The information is for guidance purposes only and represents an outline of the relevant provisions.  No action should be taken on the basis of the information contained here without first obtaining specific professional advice. No responsibility for any loss arising to any person acting or refraining from action as a result of the information contained here will be accepted by Scrutton Bland.