I started working as a Ltd Company contractor for a client via an agency about 4 months ago. Recently I received one of those letters from my agency about the new HMRC Reporting regulations where they ask for personal details for all non-PAYE workers.
I guess this is to make it easier for HMRC to chase IR35. I've read a lot about IR35 and am still not 100% sure if I fall outside or not. I would appreciate opinions whether I'm likely to be caught or not ? Here's my case for falling outside:
I don't get paid for any time off for sickness and holidays.
I don't receive any other employee benefits, e.g. company pension.
I only receive payment once I have submitted an invoice, so the payment terms reflect those that exist between commercial companies rather than those that exist for employees.
I opted out of the Agency Workers Regulations (AWR).
I have to provide public liability insurance & professional indemnity insurance as part of my contract.
I also operate my Ltd Company for other business, e.g. courier work directly, which is not via an agency.
I am VAT registered and submit VAT invoices for payment of my services.
Regards,
Peter
I guess this is to make it easier for HMRC to chase IR35. I've read a lot about IR35 and am still not 100% sure if I fall outside or not. I would appreciate opinions whether I'm likely to be caught or not ? Here's my case for falling outside:
I don't get paid for any time off for sickness and holidays.
I don't receive any other employee benefits, e.g. company pension.
I only receive payment once I have submitted an invoice, so the payment terms reflect those that exist between commercial companies rather than those that exist for employees.
I opted out of the Agency Workers Regulations (AWR).
I have to provide public liability insurance & professional indemnity insurance as part of my contract.
I also operate my Ltd Company for other business, e.g. courier work directly, which is not via an agency.
I am VAT registered and submit VAT invoices for payment of my services.
Regards,
Peter
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