Diversifying the business

[Contreras]

Well there would be if I owned a sizeable percentage of the agency and was paid divs...

HM Revenue & Customs: IR35: Countering Avoidance in the Provision of Personal Services

The IR35 provisions are triggered where:

A worker provides contracting services to a client company through an 'intermediary'. The company is an intermediary where either:

the worker alone, or with one or more associates, has a 'material interest' in the company: this is defined as ownership of more than 5% of the ordinary share capital of the company, entitlement to more than 5% of the company's dividends, or, where the company is a close company, entitlement to more than 5% of the assets on winding up, or ...

As an IR35 avoidance measure - forget it.

If your wife want to help find you work - fine, but it doesn't need a separate co.

If you want to run an agency - fine, so long as you have the experience to do it.

[BlueSharp]

HM Revenue & Customs: IR35: Countering Avoidance in the Provision of Personal Services


As an IR35 avoidance measure - forget it.

If your wife want to help find you work - fine, but it doesn't need a separate co.

If you want to run an agency - fine, so long as you have the experience to do it.

Thanks for the advice article link, that's what I was looking for. Initially there could be issues but as the agency grew they would not become an issue. (Been in business in your own right, multi income streams have been successfully argued as pointers outside of IR35). My contracts and working practices are all reviewed as being outside, unfortunately hector could still disagree or insurance not pay out due to the non standard arrangement.

My wife does not have experience, but we know people who we could bring in P.T to help who do.

Shame about some of the troll comments.

[Contreras]

Thanks for the advice article link, that's what I was looking for. Initially there could be issues but as the agency grew they would not become an issue. (Been in business in your own right, multi income streams have been successfully argued as pointers outside of IR35). My contracts and working practices are all reviewed as being outside, unfortunately hector could still disagree or insurance not pay out due to the non standard arrangement.

IR35 is decided on a per-contract basis. All you are doing is transferring the risk from YourCo to NewAgencyCo. Perhaps stop kidding yourself about IR35 and focus on the business case instead.

[BlueSharp]

IR35 is decided on a per-contract basis. All you are doing is transferring the risk from YourCo to NewAgencyCo. Perhaps stop kidding yourself about IR35 and focus on the business case instead.

I agree that's why it was asked as a side question. Was really interested in others sharing their experience. Perhaps we will need to go to an RC forum and dig a little deeper there!