Tel: 01444 257155
HMRC are more than aware of the increasingly common practice of an employee terminating his employment with his employers on a Friday, only to return on Monday to continue their work under the guise of a contractor.
More than likely, the ex-employee will trade via the use of a limited company, either providing this personal service directly to his ex-employer or via an agency who act as an intermediary.
To counteract this, HMRC introduced special rules, i.e. the IR35 legislation. If you are caught by this, then the effects are draconian and leave you far worse off than when you were employed directly.
Getting it right from day one is paramount. Contracts must be drawn correctly to reflect the arrangement, and the business vehicle used must be structured properly.
So get it right from day one. Contact us today to arrange a free 1 hour consultation to see what we can offer. Feel free to browse our services to discover how we can help in other areas, so you can come armed with a full list of questions.
25 May 2018
The Brexit vote has left UK households '£900 worse off', according to the Bank of England (BoE) Governor, Mark Carney.
24 May 2018
The Institute for Fiscal Studies (IFS) has warned that the NHS will require tax rises in order to maintain the level of service it currently supplies.
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Our summary of the key announcements from the Chancellor's latest Budget .
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