Contractors and IR35

Please contact us if you would like a free consultation to discuss the tax advantages of contracting in more detail and the different possible scenarios.

We offer all inclusive services for contractors including…

  • Company formation
  • Annual Accounts
  • Company tax returns
  • Personal Tax Returns
  • Company secretarial service
  • Book-keeping
  • VAT Returns
  • PAYE Returns
  • Tax computations
  • Review of contracts for IR35 status
  • Provision of anti IR35 draft contracts
  • Dealing with IR35 disputes

IR35

There are many factors to consider in deciding if a contractor is caught by the notorious IR35 legislation.

Fundamental factors to consider:

  • Control
  • The right to get a substitute or helper to do the job
  • Mutuality of obligations

Other factors to consider:

  • Provision of equipment
  • Financial Risk
  • Basis of Payment
  • Opportunity to profit from sound management
  • Part and parcel of the organisation
  • Right of dismissal
  • Employee benefits
  • Intention of the parties
  • Length of engagement

These are often matters of general employment law, and not specific tax legislation. There is an enormous amount of Case Law in this area and the Taxman is not always right. They do not have the final say on whether somebody is caught by IR35 or not. We can argue your case for you.

The cost of employees and employers national insurance if you get it wrong are considerable as well as interest and penalties.

We can review your existing arrangements and give you our opinion on whether it will stand up to attack from the Revenue. We can help draft contracts for services to assist you and advise on how you can maximise your chances.

Personal tax planning

Sanders Swinbank can help with the complex issue of personal tax, we know it can be difficult to understand, which is why we help every step of the way. We take away the time and stress by creating a tax planning strategy that suits your tax affairs, helping ensure you pay the least amount of tax. Our team will advise when payments are due along with what forms need to be filed and returned to keep you compliant.

Capital gains tax

You may be looking at investments, a second property or another asset and our team can make sure you maximise your exemptions while simplifying the difficult area of capital gains tax.

Self assesment

Our tax services make sure that your tax liability is calculated taking into account all allowed exemptions and deductions. We simplify the process by using accountancy software to accurately complete tax returns and calculate any tax liability that may occur, along with any payments that need to be made.

Corporation tax

Corporation tax reliefs and rates change annually, so we ensure that we can provide all the right guidance and advice when looking at exemptions, allowances and deductions that may be available. We will thoroughly review and prepare corporation tax returns in great detail in order to ensure you are complaint and that you don’t incur any penalties.

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For your free first meeting with us and to discuss your requirements, contact our team who will be happy to help.
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