Originally posted by d000hg
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Do you take out IR35 Insurance?
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I'm no fan of unnecessary insurances and I'm 99% confident that the way I operate (and my contract, based on the standard PCG contract) is completely out of IR35. Generally it's not something I worry about on a day to day basis.
With that said, and coupled with the fact that the chance of an investigation is relatively low, it would be easy to say "I don't need it". But I prefer to think of it this way: in the unlikely event of an enquiry, no matter how confident I was, would I want the responsibility of dealing with the enquiry myself or would I rather hander it over to a professional to take care of as quickly and efficiently as possible? I'd rather have the latter, which is one of the reasons why I renewed my PCG membership again this year.Comment
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Originally posted by russell View PostYeah but that of an investigation most will fizzle out before it goes to court, it's more like 0.001%.Originally posted by MaryPoppinsI hadn't really understood this 'pwned' expression until I read DirtyDog's post.Comment
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Originally posted by DirtyDog View PostAnd the chances of being struck by lightening are....Comment
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Originally posted by russell View PostAlso the chances of you being taken to court for IR35 and having to pay the fees (something IR35 insurance covers you for) is much much lower than a case being opened.
Preparing a case, whether that goes to court or not, costs time and money. Generally, significant time and money. If the case goes to court, and you have no insurance, who pays the costs? If the case doesn't go to court, and you have no insurance, who pays the costs?Originally posted by MaryPoppinsI hadn't really understood this 'pwned' expression until I read DirtyDog's post.Comment
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Originally posted by russell View PostDepends where you live, but my point is its very unlikey to happen as is getting beaten in court over IR35.
Again - where is your evidence that HMRC pay for any of the costs in preparing a case? Where is your evidence that HMRC pays for costs you incur answering their questions for a case which does not go to court?Originally posted by MaryPoppinsI hadn't really understood this 'pwned' expression until I read DirtyDog's post.Comment
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Originally posted by DirtyDog View PostGenerally speaking, you are significantly more likely to have an IR35 investigation (whether it goes to court or not, and whether you win or not) than you are to be struck by lightening.
Again - where is your evidence that HMRC pay for any of the costs in preparing a case? Where is your evidence that HMRC pays for costs you incur answering their questions for a case which does not go to court?Comment
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Without reading the 60+ posts on this thread... My view is that IR35 insurance or the likes of PCG+ membership are a must.
In some cases it may be clear that IR35 does not apply to you however where there is the slightest of doubts I think it is a small price to pay to cover what could potentially be a huge, unaffordable tax bill.Comment
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Originally posted by russell View PostDepends where you live, but my point is its very unlikey to happen as is getting beaten in court over IR35.
Originally posted by russell View PostNo and I didn't say there were millions of PSC's, perhaps a basic course in comprehension might helpOriginally posted by MaryPoppinsI'd still not breastfeed a naziOriginally posted by vetranUrine is quite nourishingComment
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Originally posted by d000hg View PostAnd this entire thread isn't about whether you'd win in court, only if you'd get investigated.
Yes of course, every single Ltd company needs to protect against IR35 You know damn well we're talking PSCs and 1-man-band companies here, not your local corner shop or any company which hires employees.Comment
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