WHAT IS IR35?

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So what is the IR35 Tax Legislation? Uxbridge Accounting has this information for you.


IR35 is the name given to a tax legislation that is aimed at identifying individuals who are avoiding paying the tax that they should be. The IR35 legislation specifically challenges those people who supply their services to clients via their own company, often known as a ‘personal service company’, be it a limited company or a limited liability partnership, who, in the ever watchful eyes of HMRC, should be classed as ‘disguised employees’. This basically means that HMRC do not recognise the contractor in question as ‘self-employed’ from a taxation perspective and therefore they should be taxed the same way that a permanent employee should be, thus falling insider what is called IR35. If you need further information, or an informal discussion as to how we at UAS can assist you, visit our contact us page on www.uxbridgeaccounting.co.uk., there You will find our contact details and address. We aim to revert within 20min.
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Image by Adobe Stock from stock.adobe.com -- DATE OF ATTRIBUTION: 30/11/2024