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Whether you are new to contracting or have been contracting for some time decisions regarding your income, usually underpinned by your IR35 status, are probably the most important ones you will ever make.
Now that HMRC has the ability to apply penalties of up to 100% of the tax assessed where a contractor is unable to demonstrate that they have taken reasonable care in assessing their IR35 status it is essential that contractors have professional contract reviews.
Professional Passport has organised, with one of our approved contract review firms, a selection of contract reviews designed to protect you from these penalties. You will be clearly able to demonstrate that you have taken reasonable care in your assessment.
The contractor guardian products also come with free professional membership for the year with all the additional benefits that brings. If you are already a professional member we will discount the review with an amount proportionate to the remaining unexpired membership and extend your membership to a year from purchase.
Amending clauses in the contract to make it appear outside IR35 that are not supported by the actual working arrangements in place for an assignment can, if investigated, weaken the defence and HMRC would be likely to apply penalties.
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