IR35
IR35 rules have extended to apply to all medium-large enterprises. Any medium-large company that receives an external contractor or consultant services has the responsibility to assess whether it falls within the scope of the IR35 rules.
IR35 is a tax law otherwise known as the off-payroll working rules. These rules are designed to prevent tax avoidance by personal service companies (PSCs).
- 15 Minutes
- For all staff
Learning objectives
- Identify the aim and key features of the IR35 tax legislation
- Distinguish between contracts that fall within and outside the IR35 rules
- Arrange the implementation of necessary procedures to ensure that our Company complies with the IR35 rules
What can you expect your employees to learn?
Introduction
What is IR35?
What has changed?
Do the IR35 regulations apply?
Why does IR35 matter to our company?
When do the IR35 rules apply to a contract?
Scenario: The new contract
How to determine IR35 status
Your responsibilities
You decide: Is the contract inside or outside IR35?
How are taxes deducted?
You decide: Does working abroad change Alex's status?
Summary
Assessment
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