The thing that put me off with the QDOS insurance was the way that you had to confirm that you were outside of IR35 by answering a few simple questions, eg "Are you out of control of your client" and "Can you provide a substitute?"
My view on most insurnace is they will squirm to get out of a payment wherever possible, so these somewhat subjective questions could be used against you not only for IR35 testing, but then also for an insurance payout.
i preferred the PCG insurance as they were only offering legal representation.
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Previously on "Anyone Had To Claim On The QDOS Tax Insurance Policy?"
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Agree with what you said earlier. Not having anything in place be it either PCG membership or QDOS is just nuts.....
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Originally posted by psychocandy View PostYeh, I heard that no-one has ever lost an IR35 that has been insured by the PCG. Is this correct?
I believe QDOS have a similar hit rate. The lesson is to leave it to the professionals, however they are funded, and use professionals who understand the whole picture.
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Yeh, I heard that no-one has ever lost an IR35 that has been insured by the PCG. Is this correct?
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Originally posted by DeludedAussie View PostHas anyone actually made a claim on this policy and what did the insurer actually pay out?
I am trying to understand whether it is worthwhile
If you're actually asking is insurance against the tax bill and penalties worthwhile, I've been saying for several years that IMHO it isn't. If there was significant risk of it being paid out, the premium would be a lot higher. But that's just me, YMMV...
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Anyone Had To Claim On The QDOS Tax Insurance Policy?
Has anyone actually made a claim on this policy and what did the insurer actually pay out?
I am trying to understand whether it is worthwhileTags: None
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