IR35 Insurance

[Qdos Contractor]

Fact is, anyone that satisfys your criteria doesn't need the insurance in the first place.

This argument has been done to death before, so I'll keep it brief. Our 'criteria' is far from detailed - we simply ask a series of 'yes or no' type questions relating to the working practices and the running of a contractor's business.

IR35 is all down to interpretation and we don't know how HMRC will view specific areas. We have a good track record in IR35 enquiries, but that hides the fact that many cases are incredibly hard to defend. It's impossible to guarantee the successful outcome of any enquiry, especially with the more recent concern relating to upper level contracts.

[malvolio]

Well, I wonder if you would say that after a 3 year IR35 investigation which you had to deal with all on your own You might relish the chance to take on all the work a case involves (even when innocent) but I and many others don't. This insurance provides great peace of mind!!

Don't disagree, but I think he was talking about TLC35, which I've always thought was a bit redundant.

[Lewis]

Don't disagree, but I think he was talking about TLC35, which I've always thought was a bit redundant.

I think we've agreed to disagree dozens of times on whether TLC35 is redundant or not, you'll never get me to give it up

[malvolio]

I think we've agreed to disagree dozens of times on whether TLC35 is redundant or not, you'll never get me to give it up

Wouldn't dream of trying. Bet you never use it though...

[pisces]

Well, I wonder if you would say that after a 3 year IR35 investigation which you had to deal with all on your own You might relish the chance to take on all the work a case involves (even when innocent) but I and many others don't. This insurance provides great peace of mind!!

I don't mean investigation insurance but tax loss insurance. They only sell it to you if it's a no brainer for them.

[Lewis]

I don't mean investigation insurance but tax loss insurance. They only sell it to you if it's a no brainer for them.

I've said this all before on past threads but remember a (PCG) case was fairly recently lost because the end-client changed their story at the last minute. It's never a no-brainer, there is always a chance (however small) you might lose, put simply if you want peace of mind and to protect many years worth of dividends just pay the few quid more ....

You have to put the cost into perspective, I lose more money by taking a day off sick! I lose more money on BUPA which I have never used. I haven't claimed on my car insurance for over 10 years. But I feel relaxed about driving, know that I and my family won't have to wait for an operation and also that I won't have HMRC take tens of thousands of pounds from me for IR35. Peace of mind ... that's what it is all about.

You don't need to agree with me but for the benefit of other people reading these threads I don't think it is fair to keep saying that IR35 cases can't be lost anymore if you are professionally represented, which is essentially the underlying message. Ask the person that lost if they think it is worthless or not. I bet they thought "It won't happen to me".