Originally posted by BolshieBastard
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IPSE or Qdos or Big Group or keep the money in the bank
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Originally posted by Contreras View PostYep. Which would say a lot about the odds of ever needing it.
I've heard the same figure quoted at PCG events by Abbey Tax and in the context of giving membership the hard sell... The £2k 'best-case' figure was inferred from B&C's website and assumes that HMRC accept the technical arguments and it doesn't go to tribunal.Comment
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Originally posted by LisaContractorUmbrella View PostI am not 100% sure but I don't think you can insure against taxed owed - you can get insurance to cover legal costs etc but, if it's proved that your status was incorrectly declared and tax is due , I don't think you'll find a policy to cover it otherwise, as you say, everyone would work outside IR35 regardless of their actual status.Comment
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Originally posted by LisaContractorUmbrella View PostI don't think you'll find a policy to cover it otherwise, as you say, everyone would work outside IR35 regardless of their actual status.
Qdos are a bit cheeky in that they don't tell you this up front, instead they tell you on the last page just before you press submit to send them your money.Unless you're the lead dog, the scenery never changes.
Currently 10+ contracts available in your areaComment
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Originally posted by NibblyPig View PostThere's a decent bit of small print attached to the IR35 insurance, stating that you must have certain outside-IR35 indicators such as MOO and substitution clauses in your contract. Some places that offer it also require you to get it reviewed. So you can't just blatantly ignore your contracts and assume insurance will cover you.
Qdos are a bit cheeky in that they don't tell you this up front, instead they tell you on the last page just before you press submit to send them your money.Comment
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Originally posted by NibblyPig View PostThere's a decent bit of small print attached to the IR35 insurance, stating that you must have certain outside-IR35 indicators such as MOO and substitution clauses in your contract. Some places that offer it also require you to get it reviewed. So you can't just blatantly ignore your contracts and assume insurance will cover you.
Qdos are a bit cheeky in that they don't tell you this up front, instead they tell you on the last page just before you press submit to send them your money.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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I've been asked, and have answered, similar questions on the IR35 insurance policies in the past (understandably). There is a very similar thread here in fact - http://forums.contractoruk.com/accou...ml#post1859771
Originally posted by NibblyPig View PostQdos are a bit cheeky in that they don't tell you this up front, instead they tell you on the last page just before you press submit to send them your money.
Some questions - like substitution - are obviously a bit of a grey area and we're simply asking you to confirm they are accurate to the best of your knowledge.
I probably said this on one of the other threads, but we've handled over 1,500 cases and have never pulled out on the basis of someone inaccurately completing an application/statement. We're essentially ascertaining the contractor is in the right ballpark to begin with; an actual IR35 enquiry is complex, lengthy and unpredictable and that's where the policy comes in.Qdos Contractor - IR35 expertsComment
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Originally posted by northernladuk View PostI'd love to know how many tickbox permatractors have taken insurance out because they saw it on a site so think they are covered and are sitting on an invalid policyComment
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Great to see QDOS posting. Interesting to see 1500 cases get mentioned where other people state there is no risk of an investigation. On that basis alone I'm happy ive bought it and will continue to do so.'CUK forum personality of 2011 - Winner - Yes really!!!!Comment
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Originally posted by northernladuk View PostI'd love to know how many tickbox permatractors have taken insurance out because they saw it on a site so think they are covered and are sitting on an invalid policyQdos Contractor - IR35 expertsComment
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