Umbrella company IR35 solution for contractors returning up to 86%. IR35 compliant. All insurances included.
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IR35
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Whether you are new to contracting or have been contracting for years, you should take a look at our IR35 solution. It's like an umbrella company but better. It offers a return of up to 86% which is higher than an ordinary umbrella company and higher than a personal service company. It's much better than a personal service company because you don't have the hassle of keeping books or invoicing or doing VAT returns or payroll returns or corporation tax returns or annual accounts. It's so easy. You send your timesheet to your agency and to our UK umbrella company and we do the rest. We can have you up and running on the scheme within 48 hours (sometimes 24 hours in very urgent cases). And as you'd expect from our IR35 Solution, it is IR35 Compliant! The solution comes complete with all the necessary insurances (public liability, professional indemnity, etc) and the quality of service is excellent! Contact us now for more information and for a personalised take home pay calculation: |
IR35 Rules: [Page 2]
Calculating the deemed Schedule E payment: [Continued]
Step 4: Deduct the amount of any capital allowances in respect of expenditure incurred by the intermediary that could have been claimed by the worker under section 27 of the Capital Allowances Act 1990 (plant and machinery: extension of allowances to employments etc.) if the worker had been employed by the client and had incurred the expenditure.
Step 5: Deduct any contributions made in that year for the benefit of the worker by the intermediary to a scheme approved under Chapter I or Chapter IV of Part XIV of the Taxes Act 1988 that if made by an employer for the benefit of an employee would not be chargeable to income tax as income of the employee.
Step 6:
Deduct the amount of any employer's national
insurance contributions paid by the intermediary for that year in respect
of the worker. Step 7: Deduct the amount of any payments or other benefits received in that year by the worker from the intermediary in respect of which the worker is chargeable to income tax under Schedule E, and which do not represent items in respect of which a deduction was made under Step Three. If the result at this point is nil or a negative amount, there is no deemed Schedule E payment.
Step 8: Find the amount that together with employer's national insurance contributions on it is equal to the amount resulting from Step Seven. The result is the amount of the deemed Schedule E payment.
Responsibility for the deemed Schedule E payment: If an engagement is deemed to be caught by the rules, it is the responsibility of the intermediary to account for the deemed Schedule E payment and the associated tax and NIC.
Summary: The above is a summary of the rules. As you can see, for an engagement not to be caught by the rules it must be possible to demonstrate that the arrangements would NOT amount to employment if the intermediary did not exist. For help on how you can demonstrate that your arrangements do not amount to employment, please see our "Beat IR35" section.
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Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Over 40 pages of advice Practical tips to beat IR35 Essential for contractors
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Over 40 pages of advice Practical tips to beat IR35 Essential for contractors
Returning up to 86% No IR35 risk No admin hassle Complete with insurances
Full review of your contract Clause by clause report Improvement suggestions Balanced pass/fail opinion 48 hour turn around |
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"IR35 Compliance" is a trading style of The Holdsworth Organisation Ltd, a company registered in England number 5309465.