IR35 Regulations impact on Consultants

HR Magazine "reports HR has been warned that HMRC are likely to challenge the status of more consultants following changes to IR35 regulations."  “Since April 2021, the responsibility to determine IR35 status is on the end-user and as such we carefully consider, on a role-by-role basis, the IR35 requirements for any contractor in line with the applicable UK tax legislation.”

“The main factors for a contract of employment includes personal service, mutuality of obligation and control which are the minimum requirements.”  Reeves said other factors which can be considered are pay and financial risk, paid per job or by commission only, integration into the business, nature of engagement and exclusivity of contract.  Read the full article