How to approach IR35 if your business hires large volumes of contractors to deliver big programmes of work
IR35 is the word commonly used to describe UK tax legislation aimed at preventing tax avoidance by intermediary workers, mainly Limited Companies. These off-payroll working rules targets those Personal Service Companies who the government believes are wrongly disguising their work as business transactions to avoid paying the appropriate income tax and national insurance that would be owed if they were an employee of the end client.
If your business hires large volumes of temporary contractors to satisfy the resource needs of large programmes, it is advised that you look to a project or product solution, based on deliverables and milestones, such as Corecom Projects.
What is Corecom Projects?
Corecom Projects is a move away from traditional, sporadic, individual agency contract hires to a Project/Product solution, based on deliverables and milestones, wrapped up in a single Statement of Work. Corecom Projects is more in line with a consultancy model. It will:
- be accountable for the performance and management of contract personnel on assignment
- be led by a dedicated Technical Engagement Manager
- provide clear SLA’s
- remove the hassle of single contractor administration from your organization.
Corecom Consulting will take responsibility for IR35, which will be insured by our IR35 Protect product and you can get back to focusing on delivery.
What is Corecom IR35 Protect?
Corecom IR35 Connect is our comprehensive compliance solution for contractor hiring businesses, consisting of three key, connected services that insures your business against any potential tax liability, reduces contractor management and administration and limits the strain of contractor cash flow. Click here to read more
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