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Contractors

IR35 Guidance for Contractors

If you are self-employed, or are running a business hiring contractors, it’s likely you’ve heard about IR35. It applies to some contractors who produce work for a client through their own intermediary.

IR35 can be a confusing and niche area, as it requires comprehensive knowledge of different laws in place to ensure contractors pay the right amount of tax and national insurance. It can become a challenge for contractors to work out whether they fall inside or outside IR35, as well understanding all the technicalities around the legislation.

We’re here to help. At TS Partners, we have expert knowledge of IR35 and have experience in supporting contractors to ensure their taxes are paid correctly.

With an in-depth knowledge of what IR35 means for your business, we are specialists in advising contractors on all aspects of the off-payroll working rules and dealing with tax enquiries.

What falls outside IR35?

  • Equipment used for a job
  • Employee benefits like sick pay, holiday entitlement, pension contribution o maternity allowance
  • Financial risk is a good indicator as to whether someone is self-employed or an employee

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