Inside ir35 private sector work through agency

[abu1]

I believe My current IT contract ( through agency) falls within ir35. I have spoken to both the agency and the client they were not sure but say it most likely falls within ir35. Now my question is how does this affect me . what do i have to do

[malvolio]

I believe My current IT contract ( through agency) falls within ir35. I have spoken to both the agency and the client they were not sure but say it most likely falls within ir35. Now my question is how does this affect me . what do i have to do

Do some reading on how IR35 works? Ask your accountant? <NLUK OFF>


Assuming you are still paid gross, take off any allowable expenses (there aren't many, accountancy fees mainly) then pay 95% of the balance to yourself as salary with full PAYE and both NIC's deducted and sent to the taxman. The rest is liable for CT of course, and the balance (usually about fourpence) taken as dividends. But read the guide I linked to properly.

[northernladuk]

I believe My current IT contract ( through agency) falls within ir35. I have spoken to both the agency and the client they were not sure but say it most likely falls within ir35. Now my question is how does this affect me . what do i have to do

You get your contract reviewed for IR35 by a specialise such as QDOS, Baur and Cotterell as advised by most IR35 guides you can find.

The same guides should tell you the differences of working and the impact as well. You could do with getting more familiar about it whatever your IR35 status is.

[northernladuk]

Do some reading on how IR35 works? Ask your accountant? <NLUK OFF>
.

Just pointing out I have never said ask your accountant when it comes to IR35 issues. Quite the opposite in fact.