IPSE or Qdos or Big Group or keep the money in the bank

[mudskipper]

So if your work practices deem one inside IR35 and HMRC ask for recovered tax, does Qdos pay for it?

Depends on which policy you purchase.

[heyya99]

Depends on which policy you purchase.

Full comprehensive, say up to 50k and the tax demanded by HMRC was 30k.

[Qdos Contractor]

So if your work practices deem one inside IR35 and HMRC ask for recovered tax, does Qdos pay for it?

If you have the TLC35 policy and at the end of an enquiry HMRC deem that you are caught by IR35 then the policy covers the tax, interest and penalties due.

[heyya99]

If you have the TLC35 policy and at the end of an enquiry HMRC deem that you are caught by IR35 then the policy covers the tax, interest and penalties due.

Are there caveats to this deal? It sounds too good to be true.

[northernladuk]

Are there caveats to this deal? It sounds too good to be true.

Lots... This is your final defense. Having it doesn't mean you can ignore IR35. First step is to avoid the stress of an investigation which is can imagine is very unpleasant insurance or not. Also hope I'm not disrespecting QDOS here and they have stated it but like any insurance there are caveats. If you present an unwinnable case or you have been negligent you are going to get left high and dry just when you need it.

There is no substitute for doing your job properly and being aware of legislation affecting you but if you do all this and then get some insurance just in case then you've done all you can.

[heyya99]

Lots... This is your final defense. Having it doesn't mean you can ignore IR35. First step is to avoid the stress of an investigation which is can imagine is very unpleasant insurance or not. Also hope I'm not disrespecting QDOS here and they have stated it but like any insurance there are caveats. If you present an unwinnable case or you have been negligent you are going to get left high and dry just when you need it.

There is no substitute for doing your job properly and being aware of legislation affecting you but if you do all this and then get some insurance just in case then you've done all you can.

I'm being slightly facetious here but if I know my tax will cover my investigation then I'm immune to the stress of an investigation.. I'll comply with HMRC, know that the end result will not cost me a penny. I'm guessing this is very naive.

[TykeMerc]

I'm being slightly facetious here but if I know my tax will cover my investigation then I'm immune to the stress of an investigation.. I'll comply with HMRC, know that the end result will not cost me a penny. I'm guessing this is very naive.

Absurdly so, but it's completely in character for that posting ID so we're very used to it.

The insurance will only be of use if you've taken every reasonable, sensible and viable step to ensure you are NOT subject to IR35 on the contract in question. That means that not only is the contract well written and reviewed, but that the actual working practices are IR35 safe and the client won't drop you in it.

[pr1]

Absurdly so, but it's completely in character for that posting ID so we're very used to it.

The insurance will only be of use if you've taken every reasonable, sensible and viable step to ensure you are NOT subject to IR35 on the contract in question. That means that not only is the contract well written and reviewed, but that the actual working practices are IR35 safe and the client won't drop you in it.

That's not how it's worded if you take out the policy, you just have to agree to six or seven bullet points "to the best of your knowledge"

I look forward to the fallout if anyone with TLC35 actually ends up losing a case...

[northernladuk]

So you can drive your car like a twat because you are insured right?

Typical tickbox permatractor thinking.

Another thing to consider is that IR35 investigations are (I believe) spawned out of other investigations in to you and I wouldn't be surprised if other areas take interest in you during the IR35 investigation. If it's clear you've been running your tax affairs badly you could end up with other investigations kicking off.

As I said earlier. Run your business properly and back it up with insurance. I'm OK I've got insurance is going to lead to a lax attitude so jeapordising your case.

[northernladuk]

That's not how it's worded if you take out the policy, you just have to agree to six or seven bullet points "to the best of your knowledge"

I look forward to the fallout if anyone with TLC35 actually ends up losing a case...

Indeed but I'd be quite happy if they did. People might wake up to their responsibilities.

I can't see how it can be done but I'd also like to see a sliding scale dependant on your attitude as well. Don't see why I should pay as much as someone just getting it because they were told to and then paying lip service to their IR35 situation.