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Recent content by lawspeed
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Need IR35 status check - Recommendations??
RE: Need IR35 status check - Recommendations?? If time is short, simply point this out to your reviewer and see whether they are able to undertake the review within a shorter timescale. If changes are ultimately needed to the terms then one way of dealing with this is to simply agree core...- lawspeed
- Post #2
- Forum: Accounting / Legal
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Do I need a contract? (direct to client)
Absolutely right. We provide two different forms of direct agreement for use by contractors - one is set up as simple standard terms that fit on one page (albeit in a small font-size!) and the second is a more comprehensive 8-10-page affair that obviously goes into more detail and is also...- lawspeed
- Post #12
- Forum: Business / Contracts
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Do I need a contract? (direct to client)
You will hear differing opinions on this but I am firmly of the view that relying on merely an invoice and a verbal understanding can be very dangerous from both an IR35 and a commercial risk perspective. IR35 Having no written contract clearly invites the Revenue to rely entirely on...- lawspeed
- Post #2
- Forum: Business / Contracts
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Amendments to MSC legislation
Please everybody note that the page linked to above by the OP is a list of amendments that were tabled as at 15th May, not those that have been agreed. The Bill is still going through the Parliamentary process, currently at Committee stage, and so far very few material amendments put forward...- lawspeed
- Post #4
- Forum: Accounting / Legal
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IR35 Insurance
IR35 Insurance ATP can provide you with further details about the policy itself: Abbey Tax Protection It is underwritten by certain longstanding underwriters at Lloyd’s of London.- lawspeed
- Post #15
- Forum: Accounting / Legal
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IR35 Insurance
IR35 Insurance What is particularly unique about Abbey Tax Protection's policy is that you only take out Survive35 Tax-Safe insurance for the period of the actual contracts to be covered. In order to make a claim you do however need to have kept in place 'PEI' - Professional Expenses Insurance...- lawspeed
- Post #13
- Forum: Accounting / Legal
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IR35 Insurance
IR35 Insurance Questions about the insurance itself can be put to the insurers Abbey Tax Protection (the same insurer that provides representation cover via PCG membership). We provide the approval to determine eligibility to apply for cover - this involves an assessment of the contractual...- lawspeed
- Post #11
- Forum: Accounting / Legal
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IR35 Insurance
We have arrangements with the PCG's insurer (Abbey Tax Protection) to provide Survive35 Tax-Safe insurance. This underwrites the actual IR35 tax, NIC's, interest and penalties on engagements that Lawspeed has reviewed and approved. This can be done at any time, not merely before commencement. In...- lawspeed
- Post #6
- Forum: Accounting / Legal
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IR35 Insurance
IR35 Insurance Due to FSA restrictions, it is Abbey Tax Protection that arranges all the insurance paperwork including the policy wording we are unfortunately unable to answer this for them.- lawspeed
- Post #6
- Forum: Accounting / Legal
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IR35 Insurance
Survive35 Tax-Safe Insurance Survive35 Tax-Safe Insurance Just to clarify, the Survive35 Tax-Safe insurance underwrites the actual IR35 tax, NIC's, interest and penalties - not merely the representation/defence costs so this does go further than the standard PCG or PCGPlus offerings. The...- lawspeed
- Post #4
- Forum: Accounting / Legal
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Client / Agency contract -- missing MyCo name !!
Party to Contract Party to Contract If I could just step in briefly here - there is an important difference between simply being named (whether as an individual or limited company) in the agency-client contract or actually being made a party to that contract (i.e. with rights and obligations...- lawspeed
- Post #21
- Forum: Business / Contracts
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Contract Reviews
Working Practices Working Practices I second that LB, reviewing the contract in isolation is only part of the process if you want confidence in your IR35 status. It is possible that each of these different contractors had different schedules or described their working practices differently to...- lawspeed
- Post #5
- Forum: Accounting / Legal
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Safe Solutions sets a Record
malvolio, Do you happen to have a source for this information that I can take a look at? thanks in advance- lawspeed
- Post #2
- Forum: Accounting / Legal
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Contract Review
Survive35 Tax-Safe Insurance Survive35 Tax-Safe Insurance Our review service, if deemed a 'Pass', confirms approval of the engagements for the purposes of taking out Survive35 Tax-Safe insurance. This insurance underwrites the actual IR35 tax loss (tax, NIC's, interest and penalties) that may...- lawspeed
- Post #22
- Forum: Business / Contracts
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Help needed on the details of a new contract
Tara, For IR35 purposes, you should as a minimum insist on a clear scope of works to ensure you cannot simply be moved from task to task as the client sees fit. If you would like more formal advice on the terms, whether from an IR35 or commercial terms perspective (or both) then let me know...- lawspeed
- Post #8
- Forum: Business / Contracts
