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IR35 Insurance schemes comparison

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    IR35 Insurance schemes comparison

    I've been through all 20 pages of A&L, and was rather hoping to find a thread discussing the various schemes on offer. However there doesn't seem to be one, so...

    My current contract *should* be outside IR35, so I'm planning to take the plunge and go back to a ltd co. This time I want to make sure I'm bullet-proof as far as the IR are concerned, so I've been looking at the various schemes (e.g. PCG's Route35, Shout99's FO35, and Quay Accounting's scheme - there may be others, in which case feel free to throw them into the pot).
    Understandably none of them like to give out any details before you sign up, which makes a meaningful comparison somewhat difficult.
    Does anyone have any experience of using any of these schemes, and if so did you find them good, bad or indifferent?
    Any comments, pros, cons and pitfalls gratefully received.
    Probably best not to post any specific details of any of the schemes for legal reasons, but I'm sure "opinions" are OK.

    #2
    We did have a little discussion on this a few weeks ago on the back of some other topic.

    My own limited opinion was that were I to be looking anew, the PCG membership with bundled insurances is the best compromise, since most of the other variants have restrictions (one contract per policy, preliminary assessment as IR35 passes or no cover, etc.) that screwed the financials. Others may well disagree with that assessment and it is unlikely you will get an objective answer from us lot!

    Thing to do is go for the big boys (PCG, Quay, QDOS - and S99 if you're really brave ) and compare (a) what do they cover, (b) what do you have to do to get cover, (c) how long does cover last and (d) what do they cost per contract per annum (which is why I suggest the PCGPlus option, but I tend to have more than one contract at a time).

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      #3
      IR35 Insurance

      IR35 Insurance
      IR35 investigation insurance is available from most specialist IR35 advisors.

      Investigation Insurance
      Route35 from the PCG doesn't exist any more. It has been replaced by a membership class called PCGPlus which does pretty much the same thing.

      Fee protection insurance from some accountants is in my opinion not good as Route35.

      Tax Liability Cover / Contractor Care etc
      This pays for the IR35 tax & interest & penalties if you are caught by IR35 after appeal(s) have failed.

      All contracts will be reviewed before you are offered this by Accountax, Lawspeed, Qdos etc. Can be quite expensive.

      IR35 Advisors
      Accountax : www.accountax-ltd.com/
      Bauer & Cottrell : www.bauerandcottrell.co.uk/
      Egos Ltd : www.egos.co.uk/
      Lawspeed : www.lawspeed.com/

      Last edited by Contractor UK; 30 July 2021, 12:03.

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