If you are an honest contractor, interim, consultant or freelancer who runs a business with your own accounts then you should have nothing to worry about when it comes to IR35 legislation.

IR35 is a heavily criticised piece of legislation that has been around since 2000. Its complicated nature means that you are heavily advised to use an expert in the fields to get advice and make sure that you stay compliant.

Here are a few examples of why IR35 was needed: Some companies deliberately employ a person as self-employed through an intermediary rather than an employment contract in an attempt to save money. By going down this route they do not pay employees national insurance contributions (NICs) and pension contributions.

Another example is where a company employs someone’s “personal services” as a contractor or consultant Monday through Friday. The person then leaves the employment over the weekend, only to be reemployed the following Monday. This allows them to avoid certain taxes.

As we said, there is no need for most of you to worry about IR35 tax legislation but if you do get caught up in this legislation, it’s best to seek advice from the people who best understand the law and the consequences. A to Z Accountants have experienced accountants who have dealt with IR35 cases since it was first introduced.