Businesses are all under threat of enquiry by HMRC, with certain trades at greater risk than others.
An enquiry can be very expensive not just in terms of tax liability but also the cost of defending any action brought by HMRC as well as the stress and anxiety on you and your family.
HMRC have profiling teams to investigate contractors for IR35 compliance with specific teams targeting IT, engineering, health professionals, dentists, teachers and other service sectors in an attempt to hunt for IR35 rule breakers.
Some of the latest campaigns have targeted public sector organisations following on from the off-payroll rules and have resulted in an increased number of investigations.
With the changes in legislation from April 2017, the need for a professional review and assurance over IR35 status is even more important.
We can provide a review in one working day.
Protection if HMRC investigates you for IR35
When we provide a full written review of your IR35 contract, also include our tax investigation service to protect you against the costs of HMRC looking into your IR35 arrangements. We will review your contract and advise of your IR35 status, providing reasoning for our opinion based on relevant case law and scoring based on HMRC’s business entity test.
Under our tax investigation service we are able to make a claim against our insurance policy held with Professional Fee Protection (PFP) in respect of our fees and any subsequent tax liability (including tax, NIC’s, interest and penalties) incurred when we defend a client who is subject to the following events:
IR35 Status Check – Where HMRC write asking if you fall within the scope of IR35. The indemnity limit for this is £2,000.
IR35 Disputes – This is where HMRC state you should be subject to the IR35 legislation following a PAYE Compliance Visit or the issue of a notice under paragraph 24(1) Schedule 18 FA 1998. It will feature a disagreement over whether this legislation applies. The indemnity limit for this is £100,000.
The Main Exclusions in our Service:
Contracts must be reviewed in advance with any amendments being made in accordance with our recommendations.
All terms in the reviewed contract must be followed.
Tax returns must have been submitted no later than 90 days after the statutory filing deadlines and any charges to tax notified to HMRC within required deadlines.
Our full written service is £199 plus VAT and includes:
Review your contract and advise of your IR35 status
Reasoning for our opinion, based on relevant case law
We have close relationships with agencies across the UK and will provide them with all documents necessary to draw up your contracts. We can also help in raising invoices so you can get paid on time.
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Ask an Accountant
Got a question? Need some advice or support? We are ready and waiting to help you find the solutions and answers. Ask your question here and we'll get straight back to you or call Darren on 0113 246 1007.