StackStudio provide you with a complete IR35 compliant solution. The rules that were to apply from April 6, 2020 are now deferred to apply from April 6, 2021 on account of the situation with the Pandemic. The detailed legislation is available at https://www.gov.uk/guidance/april-2020-changes-to-off-payroll-working-for-clients
IR35 regulation aims to deal with ‘disguised’ employees who are believed to be taking advantage of corporate structure to pay lower taxes when compared to an employee. IR35 changes the responsibility for NI and correct taxation from Contractor’s personal service company (PSC) to the fee payer subject to certain conditions.
Apart from the adverse financial impact from non-compliance of the regulation, you also risk potential reputational and brand damage if this interpretation of the law is not adhered to correctly.
Operationally, if the continuity of resource is not ensured, you might default on your obligations to your clients. Staff satisfaction can also be negatively impacted if uncertainty spreads across your Contractor staff.
At StackStudio, we offer you an end-to-end solution to deal with the complexities of IR35 such as:
- the determination of IR35 status of your contracted employees using Check Employment Status Tool (CEST) of HMRC
- suggesting the most suitable solutions for you to onboard contractors with minimal logistical and compliance burden on you
This allows you to focus on your core business.
We can help with more details on this summary, or address any other questions you might have.