An IR35 contract review can hold the key to making sure your contract is compliant and that you’re maximising your tax efficiency. Given the financial implications of working inside IR35 are so significant, we recommend you have your contract reviewed from the outset by an IR35 expert before you start working on a project.
What Is An
An IR35 Review is an analysis and compliance check on your written contracts. As we work alongside Qdos Contractor, one of the Qdos IR35 specialists will carry out a thorough clause-by-clause analysis of the written terms and conditions of your contract, before advising on whether they believe it to be ‘inside’ or ‘outside’ the scope of the legislation.
If, for example, your contract is considered ‘inside’ IR35 by our team, specific amendments would be suggested that if altered, would change the outcome of the review. However, these changes must also then be reflected in your actual working practices, when you start your engagement.
Clarity Over Status
Why Do They
An IR35 contract review is a powerful tool in an IR35 enquiry, demonstrating to HMRC that you have taken steps to determine your status accurately. Because IR35 is such a complex tax, it also reduces the risk of you breaking the rules.
In having your contract professionally reviewed, you also begin to build a stronger case for operating outside IR35 – should that be your aim. Should HMRC ever decide to investigate your status, having the opinion of an independent expert means you will be well positioned to challenge the taxman.
Clients on our Assured IR35 or Assured Plus packages are entitled to free unlimited IR35 assessments, which we encourage you to make the most of before entering a new contract.
If you’re on our Assured plan, please get in touch and we can arrange an IR35 Assessment on your contract for a small fee.