What you need to know about IR35 & Small Consultancies
Dave Chaplin, CEO of IR35 Shield, explains how the small companies exemption affects IR35 compliance for consultancies. Learn to identify genuine service provision, avoid hidden tax risks, and ensure robust, defendable contracts. Essential guidance for small consultancies and their clients navigating off-payroll responsibilities.
This webinar, presented by IR35 Shield CEO Dave Chaplin, offers crucial insights into IR35 and the off-payroll working rules as they apply to small consultancies. It clarifies the "small companies exemption," explaining how it dictates where the tax risk lies within the supply chain when engaging contractors. You'll learn to differentiate between genuine contracted-out services and the mere supply of labour, a distinction vital for small consultancies to avoid inadvertently taking on significant tax liabilities.
The session highlights the importance of robust contracts that accurately reflect service provision, not just labour. It also addresses the potential pitfalls for medium to large clients engaging with seemingly small consultancies, emphasising the necessity of due diligence to ensure the consultancy genuinely qualifies for the exemption and isn't simply acting as an agency. Dave Chaplin stresses the importance of "defendable determinations" to protect against costly HMRC investigations, even when the small companies exemption applies. This webinar is essential for small consultancies and their clients to navigate IR35 complexities, understand their tax responsibilities, and implement best practices for compliance.
If you're unsure about your IR35 compliance process, our experts are here to help. Book a call and speak to an expert.