Update: April 2024 IR35 offset changes. Read about what's changing and how it affects you.
In April 2021 legislation surrounding IR35 in the private sector changed. However, the legislation was already in force since April 2017 for the public sector. At Carrington West have had a huge amount of experience managing the impact of these changes for both our clients and hundreds of our contractors. We have created IR35 guides for both clients and contractors who feel they may be affected. In addition to these documents, you can also stay up to date by reading our latest blogs.
Click to read more:
What is "Reasonable Care" and why is it important?
IR35: What you should be doing now to prepare.
IR35: Are companies aware of supply chain risk?
Top tips for contractors looking to work "outside IR35".
Impact of IR35 on the Contractor Market
Introducing IR35 Assure: The Workforce Management Tool for Employers
If you are a hiring manager you maybe interested to know we have now launched our updated IR35 solution, IR35 Assure (powered by Kingsbridge), a workforce management tool for employers. The tool provides fast, straight forward, and compliant assessments, demonstrates 'Reasonable Care', creates, distributes and stores SDS's. Facilitates contractor challenge and builds defence file. It is designed to give employers complete control and transparency throughout the supply chain with the ability to manage the engagement of contractors from status determination to payroll solution.
How does IR35 Assure work?
IR35 Assure takes a best-of-both approach, allying a custom-designed automated process with in-house expert consultancy to provide the quickest, most accurate IR35 status result available.
If it’s a clear-cut case, the tool generates an instant determination, as well as a comprehensive report that pulls through the notable positives or negatives of a given engagement, as well as an official Status Determination Statement (SDS) that you can supply to the contractor and the supply chain. If it’s a borderline result, the answers given are manually reviewed by Kingsbridge’s in-house IR35 specialists.
IR35 Assure fulfils the requirements for compliant and accurate workforce management in many of the areas that other tools such as that HMRCs CEST, fall short.
Using IR35 Assure & maintaining your flexible workforce will:
- Give you access to the best talent on the market
- Prevent disruption to your projects
- Help you maintain a compliant workforce
- Remove your tax liability
- Save you money on unnecessary costs
IR35 Assure can also be covered by Kingsbridge’s market leading, underwritten IR35 insurance policy that protects the whole supply chain for up to both £100k legal defence costs and £100k tax liability per contractor.
Not only does this insurance protect the contractor, it's also designed to flex to cover the fee-payer as well. This means that the entire supply chain is protected against the potentially crippling costs of an IR35 enquiry and any tax debts found owing - peace of mind for the contractor, and a safe bet for the fee payer.
For more information please contact James Fernandes - james.fernandes@carringtonwest.com
Click here to download - What does IR35 mean for me? (contractors)