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What is IR35

IR35 is Government legislation (Finance Act 2000), with the aim of stopping contractors avoiding tax they should be paying. At one point in time employees would quit their full time job on a Friday - returning the following Monday as a contractor to do exactly the same job but paying far less tax!

It was great for the contractors and legal at the time, but HMRC felt it was an unfair way of avoiding tax so changed the law for all contractors, by introducing IR35. This meant that contractors had to pay more tax & NIC than previously.

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written on2010-07-29 23:51:09

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