Hi everyone, need a little ir35 help and explanation please!

[Gomez]

You may wish to take a look at this hot off the press: https://www.contractoruk.com/news/00..._campaign=IR35

I have had a number of conversations with private sector contractors over the years in a number of different industries and I have been pretty shocked by their lack of knowledge around IR35.

[HugeWhale]

Correct me if I'm wrong, Deniance, but it seems you don't have a company of your own? The reference to a UTR makes me think you are Self Employed and simply filing a Self Assessment?

Don't mean to hijack. Is there an incompatibility between having your own company and also a UTR?

I've had my own ltd for years and pay corporation tax and file company accounts etc (or my accountant does). I also file a self-assessment (or my accountant does) which pays e.g. dividend tax, personal tax etc...and to pay this bill I need to quote a UTR. Is there anything amiss?

TBH I get a message from my accountant every now and again which says: "HW, you need to pay £x VAT by the end of the month" or "HW, you need to pay £x corporation tax by the end of the month" and I just pay it. Blindly and possibly naively just trusting the accountant to get it right.

[Jessica@WhiteFieldTax]

Don't mean to hijack. Is there an incompatibility between having your own company and also a UTR?

No incompatibility - a UTR is needed for personal taxes, which applies, of course to a company director. I was reading between the lines that the OP meant he was registered as self employed as a sole trader rather than limited company, and “having a utr” tends to be a short cut for meaning registered as self employed.

[HugeWhale]

No incompatibility - a UTR is needed for personal taxes, which applies, of course to a company director. I was reading between the lines that the OP meant he was registered as self employed as a sole trader rather than limited company, and “having a utr” tends to be a short cut for meaning registered as self employed.

Thank you.