Off-Payroll Working (IR35)

Overview

Inland Revenue 35, also known as IR35 or the “Intermediaries Legislation,” is a set of off-payroll working rules for companies, intermediaries, and independent contractors in the UK.

This session overview is designed to give you basic knowledge of why this legislation was brought in, who it applies to and how IR35 affects ‘contract work’ arrangements in the UK.

Objectives

• To read, understand and interpret financial information
• To remove the myths and fears that surround finance
• To understand the financial implications of your plans and decisions
• To understand operating budgets, cash flow, profit and balance sheets

Content

• Introduction
• • • What is IR35
    • What is Off Payroll Working
  • The changes and who it applies to
    • Personal Services Companies (PSC)
    • Public sector
    • Medium, Large Private sector organisations
    • What is a Small Private sector organisation?
  • Penalties
    • Transfer of liability
  • Key Process Steps
    • Identify the affected population
    • Status assessment
    • Issuing the SDS
    • Status Disagreement Process (SDP)
    • Payroll operation
    • Ongoing monitoring
  • Further Guidance