IR35 - Off-Payroll Working

Make sure you understand the status of your contractors.

There are so many different aspects to consider when you are running your own business, but thankfully we’re here to advise to help you look after your business finances. This can include guidance on off-payroll working rules and whether your contracts fall under IR35. We can also ensure that these contracts are accurately reflected within your statutory accounts.

What is IR35?

If your business makes use of contractors with specialist skills – or any other type of off-payroll workers – then you must comply with the IR35 off-payroll working rules. Like many tax-related rules, the IR35 rules are complex and require a good understanding of the legislation to ensure compliance.

IR35 rules were brought in to determine whether a contractor is genuinely self-employed rather than a disguised employee for the purpose of paying tax. These rules largely affect contractors and freelancers who have set up their own business. Before the rules came into place these workers would enjoy some tax efficiency due to the lower corporation tax rate versus paying PAYE and national insurance contributions.

What is new with IR35?

In April 2021, the new rules transferred accountability to the end client in deciding whether a contract falls under IR35. However, as your trusted advisors, we can give you peace of mind and ensure that you are following the correct rules regardless of whether you are a contractor, end client or agency.

Summary of benefits of service:

Offers peace of mind

Saves you time, allowing you to focus on more important matters

Delivers accurate statutory accounts, which account for contracts falling inside and outside IR35

The determination of whether a contract falls inside IR35 or not is largely based on three principles:

Supervision, direction and control – how much say does your client have over how you perform your work?

Substitution – could you bring someone else in to complete the work?

Mutuality of obligation - does your client have an obligation to offer work and do you have to accept it?

However, there are several other factors that must be taken into account, so for more information, get in touch.

Why choose Page Kirk for Your IR35 requirements?

The complex administration required for IR35 can be complicated and time-consuming however, Page Kirk can complete all the necessary work on your behalf. We can ensure that you are working in the most efficient and compliant way possible to comply with ongoing regulations.

At Page Kirk, our chartered accountants are experts in IR35 and can provide you with all the advice you need, taking the hassle out of your obligations so that you can focus on the things which matter most.

A single point of contact for all of your enquiries
National and international connections
A service that is tailor-made for you
Quick response time
Business heritage dating back over 120 years

Nottingham-based accountants with national and international reach
Saving you valuable time with technology solutions
Hands-on partners who give you the best advice

Whatever type of organisation you are running, our team of business accountants in Nottingham can help you ensure you’re set up for success. Contact us today for further advice or to discuss the next steps by calling us 0115 955 5500 or emailing enquiries@pagekirk.co.uk.

What’s next?

Arrange a consultation to find out how we can help you. Call us today on 0115 955 5500 or email enquiries@pagekirk.co.uk.

Talk to Our Team

If you already have an accountant, it’s quick and easy to switch to Page Kirk.

Page Kirk is a leading accountancy practice in Nottingham, but we service clients across the country, so wherever you are based, we can help. We will assign you an accountant to assist you in growing your business and improving its efficiency. Contact us to find out how we can help you today.

Find Out More

Get in touch

From ensuring that you comply with your statutory requirements, to navigating the scaling-up of your business, through to effective profit extraction and dealing with your tax affairs, Page Kirk Nottingham accountants are here for you every step of the way.

Accessibility links