IR35 refers to the then Inland Revenue’s 35th press release of 1999 IR35: Countering Avoidance in the Provision of Personal Services. This was incorporated into the Finance Act 2000 and became the ‘IR35 Intermediaries legislation’ that we now refer to.
The legislation was introduced to enable the UK tax system to tax ‘disguised employment’ so that tax revenue similar to that on employment was generated. Disguised employment is the process of using an intermediary to pay an individual who would be considered to be an employee if they were paid directly from the business they are working at.
IR35 is designed to recover taxes from those who might be considered to be employees, rather than contractors who are genuinely in business of their own account and working on a project basis. But the concept of ‘employment’ is not black and white and has been debated through case law long before IR35 was introduced. IR35 is therefore plagued by grey areas, uncertainties, and the subjective interpretation of decades of legal precedent.
Why Integro Accounting?
Integro Accounting is the UK’s only specialist provider of fixed fee, limited company accountancy services for contractors, consultants and freelancers that was established to an award winning standard – our Practice Manager, Maria Hickmott FCCA, won The British Accountancy Awards’ ‘Accountant of the Year’ in 2011.
We were set up with the vision of providing a service that is the ultimate for the dynamic, busy professional of today in a language you understand.
Integro Accounting have designed a bespoke service for the contractor who is always on the go; never forgetting that one size will never fit all.
The relationship you have with your accountant is the most important factor in our service which is why we will always offer unlimited contact with your own personal accountant; whether that contact is via the phone, email or face to face.
We have our 3 offices located in London, the South-West and on the Bedfordshire and Buckinghamshire border. There are also meeting locations in many of the major cities and towns across the Home counties, South-West and South Wales, all conveniently placed so that you never have to travel far to meet your accountant.
If you have any questions about contracting or would like to find out more about how Integro Accounting can help you and business please call Christian on 01525 303984, email email@example.com or request a callback.