Corecom IR35 Connect
What is Corecom
IR35 Connect?
Corecom IR35 Connect is a comprehensive compliance solution for contractor hiring businesses. It consists 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.
IR35 Protect
A fully insured, client facing, online platform for Status Determinations protecting all parties in the supply chain
Corecom Projects
A project/product solution, based on deliverables and milestones, wrapped up in a single Statement of Work managed by a Technical Engagement Manager for your contractor recruitment
Payroll Outsourcing
The option to outsource the payroll of your direct contractors, removing your “Fee-payer” tax liability and improving your business’ cash flow
What’s Changing?
Up until 2017 in the public sector and April 2021 in the private sector the responsibility for determining the IR35 status and any tax liability lied with the PSC. From April 2021 in the private sector status determination will be the responsibility of the end hirer and tax responsibility will be with the fee payer.
Should it be proved that the End Hirer has not taken “Reasonable Care” in coming to this status determination, any tax liability would pass from the Fee Payer (often the Recruitment Agency) to the End Hirer. It is therefore essential that you choose a compliance solution that allows you to meet this criteria and eliminate your potential retrospective tax liability.
New Roles in the IR35 Supply Chain
Corecom IR35 Protect
Our comprehensive insurance backed IR35 solution incorporating a state-of-the-art client facing portal to help you establish whether an individual contract is inside or outside IR35.
| CEST vs IR35 Protect | CEST | IR35 Protect |
|---|---|---|
Meets your End Hirer obligations with HMRC in taking Reasonable Care for a compliant Status Determination Statement (SDS) |
CEST | IR35 Protect |
Free online platform for your SDS’s with access for Client, Agency & Contractors |
CEST | IR35 Protect |
All parties in the supply chain unconditionally insured against any tax liability |
CEST | IR35 Protect |
Allows you to produce role base assessments prior to advertising for a position |
CEST | IR35 Protect |
Won’t give you with an “Unable to make a determination” outcome |
CEST | IR35 Protect |
Free IR35 consultancy advice from IR35 Tax, Legal and Insurance experts |
CEST | IR35 Protect |
All claims handled by DWF
All claims are handled by DWF, a top UK law firm and winner of ‘Insurance Law Firm of the Year’ at the Claims Awards 2018 and 2019.
Underwritten by Zurich
Our Legal Expenses and IR35 Protect products are underwritten by leading multi-line insurer Zurich Insurance plc.
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.
We’ll be accountable for the performance and management of contract personnel on assignment, led by a dedicated Technical Engagement Manager, with clear SLA’s, and the hassle of single contractor administration will be removed from your organisation. We’ll take responsibility for for IR35 which will be insured by our IR35 Protect product and you can get back to focusing on delivery.
| Sporadic contractor hires vs Corecom projects | Sporadic contractor hires | Corecom projects |
|---|---|---|
Fully insured through IR35 Protect |
Sporadic contractor hires | Corecom projects |
One, project-based agreement with deliverables and milestones to incorporate team(s) of PSC contractors |
Sporadic contractor hires | Corecom projects |
Reduced single contractor admin |
Sporadic contractor hires | Corecom projects |
Fixed price for work carried out by contractors |
Sporadic contractor hires | Corecom projects |
Technical Engagement Manager for project and personnel escalations |
Sporadic contractor hires | Corecom projects |
Hassle of day-to-day contractor management removed |
Sporadic contractor hires | Corecom projects |
Comprehensive project SLA’s |
Sporadic contractor hires | Corecom projects |
Clear, pre-agreed rate card based on role categories |
Sporadic contractor hires | Corecom projects |
Significant reduction in effort for contractor recruitment |
Sporadic contractor hires | Corecom projects |
Reduced IR35 risk |
Sporadic contractor hires | Corecom projects |
Corecom Payroll Outsourcing
For any direct contractor hires you’ve made or might make in the future, your business is liable as the Fee Payer for any IR35 tax liability and is responsible for paying contractors and managing them administratively.
Corecom offer a simple outsourced payroll solution to remove your Fee Payer tax liability, reduce cash flow strain as well as significantly reducing the time you spend on contractor queries administration, all for a nominal fee. No number of contractors is too many and we can arrange and execute the outsourcing of this service within 24 hours.
- Pass your IR35 “fee payer” tax liability up the chain to us
- Reduce contractor cash flow strain on your business
- Outsource the hassle of contractor administration and management
- Nominal administrative charge of between 8-12% mark-up depending on volume