IR35 Background - IR35 Rules - Beat IR35 - Ltd Co - Umbrella - Composite - MSC's - Insurance - IR35 Enquiries - Contracts - Resources
Limited Companies: << Back Next >>
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Drawbacks:
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If you are choosing a limited company service and you are searching for one to take away the administrative burden, you should ensure the one you select is NOT caught by the Managed Service Company rules or MSC rules.
IR35 risk:
The only setup that will be 100% IR35 risk free will be PAYE or an umbrella company that operates a remuneration strategy that is entirely PAYE. This is the only way to ensure complete freedom of risk from IR35. However, as you will see on this website, there are many things you can do in a limited company to protect yourself from IR35.
Cash flow:
Since you would be drawing a modest salary from your company and receiving dividends from it every six months or so, you would need to plan carefully for the irregular cashflow. In particular, it may be difficult in the early stages.
Advantages of limited companies:
Limited companies have a number of advantages both in terms of tax efficiency and IR35 risk. The advent of some online limited company providers with the inclusion of IR35 insurance has even eliminated some of the drawbacks of admin and IR35 risk.
Tax efficiency:
The limited company is by far the most tax efficient route. Being the only contractor in your company, you benefit from the lowest rate of corporations tax possible for your given level of fee income.
Managed Service Company rules or MSC rules:
Providing you select your solution provider carefully, a limited company can operate outside the MSC rules. Indeed, it is just about the only solution, when used in the correct way, that CAN operate outside the MSC rules. Check with your provider why they think their scheme is outside the MSC rules. Read our "MSC Rules" section so that you can understand the MSC rules.
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Full index of pages:
Home Page IR35 Background - page 1 IR35 Background - page 2 IR35 Background - page 3
IR35 Rules - page 1 IR35 Rules - page 2 Beat IR35 - page 1 Beat IR35 - page 2
Beat IR35 - page 3 Beat IR35 - page 4 Ltd Company - page 1 Ltd Company - page 2
Ltd Company - page 3 Ltd Company - page 4 Umbrella Companies - page 1
Umbrella Companies - page 2 Composite Companies - page 1 Composite Companies - page 2
Composite Co - page 3 Composite Co - page 4 MSC - page 1 MSC - page 2 IR35 Insurance
IR35 Investigations - page 1 IR35 Investigations - page 2 Contracts - page 1
Contracts - page 2 Contracts - page 3 Resources 1 Resources 2 Resources 2 Sitemap
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