What is IR35? Does it apply to me?
EEBS CIS Payroll
You could be fined if HMRC decides to reclassify your sub-contractors as employees. Protect your business work with EEBS
If you are paying, or receiving payments as a limited company and the arrangement?looks*?like employment then the answer is YES you are at risk.
*if the limited company didn’t exist)
Have you heard the saying that if it looks like a duck and quacks like a duck, chances are it’s a duck? Well, that’s the view the HMRC takes on whether a working arrangement between two companies actually looks like employment.
The aim of IR35 legislation is to clamp down on working in a manner similar to an employee but under the disguise of a limited company.
HMRC have an over-complicated, technically-worded online system called ‘Check Employment Status for Tax’ (CEST) Tool you can use if you want to check your status, but word of warning – it has a proven track record of providing incorrect results.