Invoice Factoring Firms

[Andy Hallett]

The devil is in the details here. It could be argued you should take the credit risk being opted in and per the contract between you and client already but it seems not to happen alot leaving people in the lurch. PCG also helps fill this gap a little as well.

You would have to work the details out, prove they are legitimate, backed up by case law and legal speil and then word it very very carefully so people can actually understand what it is and why you do it. I mention that last point as UC finance seem to be coming out with products that provide various services but hide behind misleading statements as 'Enchance IR35 Status' and 'Put a stop to HMRC fines and penalties' which don't explain what the product really does properly.

You would also have to convince us the 'nice IR35 contract' matches working practices which it probably won't as you are providing it as an off the shelf product for low margin rather than engaging the contractors client to make sure they match.

Just my ill thought out 2 penneth....

Make up your mind on the opt out!

As you state, it's the contract details itself that determine IR35, as contractor finds their own gig that's beyond our control.