Are you IR35-ready?
Posted on 19th February 2021 at 13:03
By April 2021, the changes to off-payroll working rules in the private sector, known as IR35, will come into play, and businesses must have made a decision on whether the contractors they work with are inside or outside of IR35.
However, HMRC recommends that businesses carry out a case-by-case assessments for each and every contract role or consultancy engagement, so, as far as the tax man is concerned, business could easily end up with a combination of the two. It isn’t so black and white after all.
At Iridium we have the know-how and solutions to provide safe and seamless engagements inside OR outside IR35. What’s more, we work closely with clients - and contractors - to navigate the system and help them arrive at a decision that’s right (and legal) for them and their business.
We work with Qdos Contractor, the insurance-backed IR35 status assessment process tool that helps organisations successfully run their status determination with insurance-backed certification for each engagement, enabling our clients to get a straight answer based on government guidelines, along with Qdos’s Tax Liability Insurance, protection in the unlikely event of an enquiry from HMRC.
Inside or out, we are a very safe pair of hands. Not only are we extremely experienced in engaging with our clients in a way that’s suited to consultancy supply, which by its very nature is outside of IR35, our service model is also fully geared-up for our high-quality consultants to operate inside.
When an organisation decides on an inside IR35 policy for non-employees, we can effectively deliver high-quality inside IR35 consultants, which sees our contractors working for clients under an umbrella company where all PAYE, NI and holiday pay is taken care of. This strategy is also in place if a consultant's status is determined as requiring an inside approach by Qdos Contractor.
Our network of world-class technology, strategy and change contractors are consistently at the top of their game, and following April’s changes to off-payroll working rules, for us, it will be business as usual in matching the country’s leading consultants with our client’s specific challenges.
Our outside IR35 approach eliminates risk for our clients by providing bespoke solutions. And we do this in two ways - through our service-led OR a people-led models.
With our service-led model, clients partner with Iridium to define and deliver a specific project, such as journey to cloud or quality assurance. We deliver the solution to their problem through our team of handpicked consultants, with no performance impact or risk to the client. In other words, the responsibility and tax liability sits with us.
When a client does require a specific human resource, every engagement comes with a detailed statement of work, set deliverables and outcomes, with the added benefit of enhanced cost effectiveness. We work closely with our consultants throughout our projects, with every engagement being overseen or monitored closely by an Iridium director.
In or out, our clients will receive the best quality and value
With every single one of our associates being experts in their respective fields, our clients receive the very best value for money, with absolutely no IR35 issues. Please get in touch with Ben.Dainton@ir77.co.uk to discuss your service and resource requirements.
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