The Future of Public Contractors in respect to IR35

As a Public Contractor, you are probably wondering what is IR35? How will it affect my business ? HMRC has introduced changes to IR35 recently called “Off payroll working in public sector”, It is a new change legislation which seeks to put tax liability on public sector employers who employ through limited companies or meet the definition of self-employment.It ensures that disguised employment is identified where a contractual worker fills a permanent position in a company yet does not pay the statutory tax and National obligations as a permanent worker normally would. As per HMRC, only business owners exposed to actual risks warrant dividends and not employees who use a limited company. Continue reading “The Future of Public Contractors in respect to IR35”