What is IR35 legislation and how does it affect me as a contractor?

Also known as ‘intermediaries legislation’, IR35 is a set of tax rules that apply to those who are contracted through an intermediary and not deemed ‘self employed’ by HMRC. It is designed to prevent individuals from not paying the right amount of tax through ‘disguised employment’. With the Contractor package we offer a free consultation with Pearl, specialist Accountants for contractors; they will be able to check if IR35 applies to you and provide further guidance on compliance.