IR35 review announcement highlights need for expert guidance, says accountancy firm
The announcement is clear indication that IR35 as it stands is complicated for independent professionals to comprehend, says specialist accountant ClearSky Contractor Accounting.
The firm has launched a free and comprehensive e-book, detailing everything contractors need to know about the legislation.
ClearSky’s in-depth guide details the key factors to watch out for, case studies and information regarding & lsquo;deemed employment payments’. It also contains an IR35 myth buster to debunk common misconceptions.
Richard Murray, head of operations at ClearSky Contractor Accounting, said, “IR35’s complex nature and wide reach has seen it become a thorn in the side of many contractors and independent professionals.
“The lack of clarity from HMRC regarding how the rules should be interpreted has created a number of grey areas that could catch out unwitting contractors.
“With the penalties for non-compliance potentially running into thousands of pounds, it is essential that independent professionals understand the legislation and how it is policed by HMRC.”
To download your copy of the guide, please click here.