IR35

Since 1999 Inland Revenue press release #35, IR35 has caused much concern. Workers who trade through a personal service company need to understand and manage IR35, to minimise their tax liabilities.

A tax saving of around £10k pa can be secured if your affairs can be structured to fall outside of IR35. This arises through extracting profits in the most tax efficient manner (small salary + balance as dividends, including spouse). Rather than the high salary structure required if ‘caught’ by IR35.

Appoint us as your accountants and we will assess your current IR35 risk exposure (via example IR35 checklist). We will then help you decide which of the following options is best advice for you: