Captured by IR35 – What’s next?

Due to the IR35 changes, there will be a number of contractors working contracts that are ‘inside IR35’. This guide explains what this means for contractors and what working options are available to them. 

Captured by IR35 – What’s next?

The April 2021 IR35 changes mean that a number of contractors will now be inside of IR35. This is a big change for a lot of contractors who have worked via a limited company for many years.

To help you get a better understanding of what this means to you as a contractor and the working options that are available to you, we have put together a guide that answers all your questions!

  • My current contract is now ‘inside IR35’, what do I do?
  • So, what is an Umbrella Solution?
  • Should I close my Limited Company?
  • Should I keep my Limited Company?
  • So pensions, what do I need to know?
  • Insurance you say. What policies do I need?
  • What happens if I need to switch between Inside and Outside roles within the same tax year?
  • TLDR; Top tips and summary
  • What’s Next?

Why Brookson?

For over 20 years, we’ve provided accountancy, tax and support services to over 90,000 contractors, freelancers and self-employed professionals - it’s what we specialise in and it means we’ve been able to develop a unique service that is innovative, friendly and easy to use.

  • Know your tax position when you need to – with daily updates from Brookson
  • Know how much you can safely withdraw from your business, without spending the taxman’s money
  • Realise your earning potential – now and for the future, with advice on pensions, investments and wealth planning
  • Get support every step of the way
  • Specialist Advisors available 6 days a week†

Get the Guide

Enter your details below to receive the guide

     

"You take away the pain of understanding all the tax requirements and associated returns, which allows me to focus on my role as an IT contractor."

Ian Tunstill
     

"As I am newly self-employed, I have had lots of questions and Brookson have always been extremely helpful and ensuring I fully understand. I would not hesitate to recommend them."

Shelley Connor

*Excludes weekends and bank/public holidays. † Specialist Advisors available six days a week, Monday to Friday, 8am-6pm and Saturday, 9am-1pm. Excludes bank/public holidays.

Brookson is an APSCo Affiliate Member
Self-Employed / CIS Accredited Member
Limited Company Accredited Member
Umbrella Accredited Member
Brookson is a REC business partner
Brookson has achieved ISO27001 for information security management