SPECIALIST CONTRACTORS IN ACCOUNTANTS SAVE YOU VALUED TIME AND RESOURCES
The IR35 regulations were introduced by the government to stop businesses from firing employees then hiring them back as contractors to avoid paying National Insurance and tax on them. The government intervened as a result of this problem because it affected employees’ job rights and turned into a tax loophole for businesses. The term “Intermediaries law,” or IR35, refers to a set of government rules that affect tax and National Insurance contributions. In conclusion, if you hire someone as a contractor and they represent themselves as self-employed, but your contract provides their main source of income and establishes their working hours, then HMRC will determine that they are not self-employed but rather come under IR35. Please get in touch with us if you’d like to learn more about how we may help you with any IR35 rulings-related issues.