IR35 and taking shares

[George123]

Hi all,

I'm looking for a bit of advice. I'm think I'm quite switched on with IR35 - have an IR35 safe contract I use, have many clients each year, use my own equipment etc. However on my next contract I'd like to accept some shares in exchange for a discount on my rate (specifically I'd work 1 day for free for 30 weeks).

My contract time for 3 days per week working for the client would be through my ltd company. The other day I'm working for the client would be for equity (presumably arranged via my own name) and the fifth day I work on my own software product. The way the shares would work is I get the equity upfront but on the condition of doing 30 days over the year. It's not performance related. Would this make me seem as an employee?

I suppose another option would be for my company to reduce it's rate and charge out for all 4 days and then the client just give me personally the shares for time sitting on the board. Would that be a better option or would it still class me as an employee?

Any thoughts/previous experiences?

George

[northernladuk]

How many employees get paid in shares????

If you were pretty clued up on IR35 this is a pretty black and white situation IMO.

[nomadd]

How many employees get paid in shares????

If you were pretty clued up on IR35 this is a pretty black and white situation IMO.

Er, isn't this the same troll/sockie/etc who yesterday - under a different, low-post username - stated he was going to ask the agent and client to stump up £700 / day just to cover him from IR35, even though his skills were easily replaceable and his current client was dropping him to £450 / day?

Makes you wonder..?

[northernladuk]

Er, isn't this the same troll/sockie/etc who yesterday - under a different, low-post username - stated he was going to ask the agent and client to stump up £700 / day just to cover him from IR35, even though his skills were easily replaceable and his current client was dropping him to £450 / day?

Makes you wonder..?

Oh? Is it. Damn Fed the troll. Didn't see anything it that indicated that but wasn't paying that much attention