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Recent content by Venturi
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Agency IR35 Tool/ Indemnity
Hi Craigy, This is a solution for any existing and future clients using Venturi's contractor staffing services. For internal compliance, all contractors working through Venturi will have to go through this test to determine their IR35 status unless exempt or payed directly by the client...- Venturi
- Post #20
- Forum: IR35 Reform
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Agency IR35 Tool/ Indemnity
Hi CheeseSlice, Apologies for the late reply. • The ‘80%’ figure is a rough pass-rate for contractors assessed via our insurance partner's Status Review platform – it is not our view that 80% of PSC contractors are outside IR35. • Whilst the CEST tool is widely regarded as categorising...- Venturi
- Post #16
- Forum: IR35 Reform
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Agency IR35 Tool/ Indemnity
Contractor pays for the status determination; agency has an insurance policy in place to cover tax loss in the event that that determination is incorrect following HMRC enquiry. The obligation for the contractor to continue paying for status determinations (which I assume is the ‘fee...- Venturi
- Post #14
- Forum: IR35 Reform
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Agency IR35 Tool/ Indemnity
In the unlikely event that there is a transfer of liability to the contractor following an enquiry under the new legislation, they would be covered under the policy. One important note here though – the contractor is paying for the status determination, not the insurance. Venturi’s Insurance...- Venturi
- Post #13
- Forum: IR35 Reform
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Agency IR35 Tool/ Indemnity
The VenturiOPRaaS policy provides £100k per contractor per annum for the liability element, no aggregate limit. There is a £100k limit on the defence costs element, which is in the aggregate across all contractors, but still on an ‘any one claim’ basis (i.e. in the unlikely event of two claims...- Venturi
- Post #12
- Forum: IR35 Reform
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Agency IR35 Tool/ Indemnity
Hi CheeseSlice, IR35 Shield is a competing product. Two key differences from the VentruiOPRaaS product, as far as we are aware: a. They do include insurance, but policy covers defence costs only – it does not indemnify the potential tax loss b. The status assessment is all AI-driven, as...- Venturi
- Post #11
- Forum: IR35 Reform
