IR35 Review

[wiseguy]

Hi,
I am looking to start my first contract and have received my first draft contract from the agency. Reading through the contract, it looks like that it covers all the IR35 rules. I wanted to know if it's advisable that I should get it professionally reviewed provided it's my fist contract.

[NotAllThere]

Hmm. Tricky one. Let's see. Entering into an agreement with another company, worth thousands of pounds. If it turns out it is subject to IR35, and I (not a contract or IR35 expert) thought it wasn't, I'm going to have pay over a considerably sum to HMRC.

Does the term "no brainer" mean anything to you?

[Sausage Surprise]

Hi,
I am looking to start my first contract and have received my first draft contract from the agency. Reading through the contract, it looks like that it covers all the IR35 rules. I wanted to know if it's advisable that I should get it professionally reviewed provided it's my fist contract.

Yes..I would suggest getting it reviewed by Bucket, Fanny & Co

[LisaContractorUmbrella]

Hi,
I am looking to start my first contract and have received my first draft contract from the agency. Reading through the contract, it looks like that it covers all the IR35 rules. I wanted to know if it's advisable that I should get it professionally reviewed provided it's my fist contract.

Yes get it professionally reviewed but also make sure that it is representative of your working practises

[FWDiane]

Agree with Lisa, especially regarding the working practices. Quite often what is written in the contract is not reflective of how you, or your client, operate on a day to day basis, and that's what HMRC will be checking

[northernladuk]

You could also try searching the forums before asking basic questions. Every post we have (and that is a lot!!!) advises exactly the same.

NAT kinda nails it though.

[ContractIn]

Yes get it professionally reviewed but also make sure that it is representative of your working practises

Hi Lisa

I had my current contract reviewed at start of a contract and got a couple of clauses amended. However I haven't had the renewals reviewed. Is this something that should be done?

Cheers
Ci

[northernladuk]

Hi Lisa

I had my current contract reviewed at start of a contract and got a couple of clauses amended. However I haven't had the renewals reviewed. Is this something that should be done?

Cheers
Ci

Have you applied any common sense to this question?

[LisaContractorUmbrella]

Hi Lisa

I had my current contract reviewed at start of a contract and got a couple of clauses amended. However I haven't had the renewals reviewed. Is this something that should be done?

Cheers
Ci

Please refer to post by NLUK for guidance but you haven't really answered what I asked - it's great that you have had your contract reviewed but is the contract an accurate reflection of what you actually do? e.g. if you broke your leg and couldn't work for a week do you know someone who could cover for you and would that person be accepted by the end client as a replacement for you until you were well enough to return? If the answer is no but you have a perfectly worded substitution clause in the contract it would be meaningless in the event of an IR35 investigation.

[ContractIn]

Please refer to post by NLUK for guidance but you haven't really answered what I asked - it's great that you have had your contract reviewed but is the contract an accurate reflection of what you actually do? e.g. if you broke your leg and couldn't work for a week do you know someone who could cover for you and would that person be accepted by the end client as a replacement for you until you were well enough to return? If the answer is no but you have a perfectly worded substitution clause in the contract it would be meaningless in the event of an IR35 investigation.

What did you ask? Maybe I should have started a new thread. I had my contract reviewed professionally when I first engaged with existing client, I am satisfied that my working practices reflect the contract. My questions was, is it good practice/advise to get the renewals professionally reviewed each time?