Perfecting IR35 compliance part 2
In part two of "Perfecting IR35 Compliance," Dave Chaplin, CEO of IR35 Shield, explores due diligence and continuous monitoring. Learn how to spot red flags, maintain accurate SDSs, and gather strong evidence to defend against HMRC. Key strategies for businesses committed to long-term IR35 compliance.
This webinar, presented by IR35 Shield CEO Dave Chaplin, is the second part of "Perfecting IR35 Compliance," focusing on the crucial aspects of due diligence and continuous monitoring to ensure robust off-payroll working (OPW) compliance. The session highlights the importance of asking the right questions throughout the supply chain, from clients to agencies and contractors, to build a comprehensive picture of the working relationship. You'll learn how to identify potential red flags in contracts and working practices that could indicate an "inside IR35" status, such as a lack of substitution rights or excessive client control.
Dave Chaplin introduces the concept of "continuous monitoring" as a best practice, emphasising that IR35 compliance isn't a one-off assessment but an ongoing process. This involves regularly reviewing the engagement to ensure that initial Status Determination Statements (SDSs) remain accurate and reflective of the reality of the work being performed.
The webinar provides actionable advice on gathering and storing strong evidence to support your IR35 determinations, which is vital for defending against HMRC enquiries. Furthermore, it reiterates the dangers of relying on HMRC's CEST tool and underscores the value of expert advice in navigating the complexities of IR35 legislation. This session is essential for businesses looking to achieve and maintain impeccable IR35 compliance and minimise their tax risk.
If you're unsure about your IR35 compliance process, our experts are here to help. Book a call and speak to an expert.