The effect of applying IR35 to contract income

4.1 Tax Questions
A What is the effect of applying IR 35 to contract income? "The difference between tax avoidance and tax evasion is the thickness of a prison wall." Denis Healey If IR35 applies to your contract then applying it will be reducing your take-home pay. It also complicates your administration as deemed salary calculations must be performed. Read the taxes section on this site to find out more about IR35