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

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"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