"May you live in interesting times." (Chinese curse)
You are a freelance consultant and you have been offered a contract and are aware of the available contracting options - but you do not know how much cash will eventually arrive in your personal bank account.
- How much tax and National Insurance that will have to be paid to HM Revenue & Customs?
- A decision must be made to establish whether IR35 is to be applied to the contract or not.
- If the contract is subject to IR35 then the calculation of tax and National Insurance is different than if the contract is exempt from IR35.
- This decision is fundamental if you are to do effective tax planning.
We can help you make sure that IR35 is dealt with correctly.