Tag: PRIVATE SECTOR CONTRACTORS

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Articles

All You Need to Know About IR35 for the Private Sector

There is still consultation ongoing, but it remains realistic that on 6th April 2020 IR35 will be implemented in the private sector. It will be a game-changer as the government anticipates to increase its taxation and NIC.

How Contractors can avoid IR35 in the Private Sector

Contractors must work out how much tax and National Insurance they must pay. So, if a contractor is caught not paying enough, the punishment is to pay 25% more in tax per annum. So, it is within their best interest to avoid this.