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We have the TLC35 Insurance with Qdos, which covers both - legal costs associated with defending an HMRC IR35 enquiry, as well as, tax loss in the event of HMRC successfully challenging our IR35 status.
So, in light of your above comment about "nature of the policy", will that TLC35 Insurance...
Thanks guys. I thought the same.
Just for my info - Do you happen to have a link to any article which discusses this point about IR35 insurance specifically? (Will help in my discussion with the accountant)
Thanks.
Hi All,
May be not directly relevant to the original question in this thread, but had a quick query about IR35 Insurance, so thought will ask here. (Posted in another thread too, an reposting here, to increase the visibility / responses :))
We have taken IR35 Insurance from Qdos. It is on the...
Hi All,
May be not directly relevant to the original question in this thread, but had a quick query about IR35 Insurance, so thought will ask here.
We have taken IR35 Insurance from Qdos. It is on the company name, and we pay through Limited Company business bank account. Is that cost an...
Thanks. Noted that regarding Condition C.
Just touching upon the point 1b from my initial post again -
b) In fact, when I decided to close the company last year, the main purpose was not tax saving. I was closing the company only because I no longer needed it. So, I think Condition D also...
Thanks.
Good question. Yes, the client calls them "direct" contractors, but actually the client has a tie-up with one of the contractor agencies, and all "direct" contractors need to go via that agency (for compliance, background checks etc). (While for the previous contract, I was with a...
Thanks.
Your input on TAAR has been noted.
Regarding the IR35 status of the new contract, will await further clarity from the client, agency and their IR35 advisors.
Thanks.
Oh, reading ".. yet you are still touting this as your main option", I can now guess where the confusion may be.
I never intended the three options to be in the order of decreasing preference from my own viewpoint. So, Option 1 has not been the "main" option, even before I started the...
Thanks.
Not sure what your reference is to padding and not believing my own arguments (and where that inference comes from). I simply copy pasted the same info that I had provided in an earlier response to NLUK (which was also included in my original post, but just summarised that to make it...
Thanks.
I think I have listened to everyone, and thanked and politely responded to all comments, with due respect.
There is no specific answer I want to hear (and I won't follow any answer blindly anyway, as ultimately I have to take the responsibility of the decision, not any forum member)...
Thanks.
Yes, that is certainly an option under consideration.
Just that I have already made enough contributions to pension, so not overly keen on adding more (though I might add some, if I go down this route).
Slight diversion, but may I please ask (if you readily know, as that is a topic I...
Thanks.
Few people suddenly left the Business side, so there was an urgent requirement there. Given the timeframes involved, I was considered the best choice.
No, haven't made up my mind yet (new contract is not finalised yet). Hence, the discussion / due diligence.
My current thought process...
Thanks.
Just to clarify - The new role is not IT. It is a Risk Manager role.
So, in summary:
Previous Role - IT BA Consultant via a Consulting firm
New Role - Risk Manager directly contracting with the Client
Thanks.
Yes, that is Option 3 in my list. If the client SDS comes out to be inside, then that would be the automatic choice.
However, if the SDS puts it as outside, then Options 1 and 2 also come into play (key difference between those 2 being potential applicability of TAAR). Hence, trying to...
No, they are filling it based on the role, not me. (I am being moved not to help extend my contract, but just because there was a genuine requirement on the Business side)
IR35 review is yet to be completed. But I have been informed that once it is fully agreed and signed off as outside-IR35 by...