IR35 Contract Review Service
Are you familiar with IR35 but need a more comprehensive understanding of what it entails? Or do you require a second opinion regarding your own IR35 status?
Whatever the case may be, our team at BEB Consultancy can provide you with the expert advice you need. Our IR35 contract review service will give you more clarity with regard to the IR35 status of your contracts, ensuring your compliance and providing you with additional peace of mind.
IR35 Contract Review for Contractors
Recent changes to the IR35 rules have shifted the burden of responsibility of assessing IR35 status from contractors to their end-user clients. Even so, as a professional contractor, it is still in your best interests to ensure compliance and determine whether the services you offer fall outside the scope of IR35. As there are many factors that can influence your position, it would certainly pay to seek professional advice from contract review specialists such as our team here at BEB Consultancy. With the help of our experts, you can rest assured that your status has been verified fairly and accurately.
By undergoing an IR35 review, you will obtain expert guidance while demonstrating your due diligence to HMRC. The review will assess your contractual terms and working practices, giving you the opportunity to ensure IR35 compliance and enabling you to provide the necessary evidence should HMRC initiate a tax investigation.
What Does an IR35 Contract Review Involve?
At BEB, our IR35 contract review service involves a framework of key tests that will help confirm your IR35 status. We will verify the following factors:
The Right to Substitution
Whether you have an unrestricted right to send a substitute to complete all or part of your work, source and pay this substitute, or decline to use them.
Whether you have control over how your work is completed, as well as your working hours and whether you require consent to take time off
Mutuality of Obligation (MoO)
Whether your client is obliged to provide you with work and whether you are required to accept the job in return. We will also determine whether you are paid per project/work or according to the number of hours completed.
You will be asked to complete a working practices questionnaire about your limited company and how you provide your services. We will evaluate this information in line with your contract terms to determine whether the above mentioned key tests are relevant.
In order to ensure IR35 compliance, it is vital that your working practices and contracts reflect one another. If your contracts include clauses indicating that your business falls outside IR35 but your working arrangements would suggest otherwise, HMRC may be inclined to conduct an investigation.
What are the Benefits of an IR35 Contract Review?
As you may know, HMRC can review your business status at any time. If and when this happens, it is your responsibility to prove that you are self-employed and conduct your business at your own behest. You must also provide evidence to show that you are not an “employee in disguise”. Otherwise, you might find yourself spending a significant amount of your money paying fines or back taxes to the government.
Your contracts with clients can serve as substantial proof of your self-employment. However, you must ensure that they are IR35-friendly and reflect your working practices. Fortunately, this can be achieved quite easily by hiring BEB to conduct an IR35 contract review.
There are numerous benefits to having your IR35 contracts evaluated by professionals.
1. Prove your due diligence to HMRC
By using a professional contract review service, you will be able to demonstrate to the UK tax authorities that you have taken a “reasonable step” to verify your IR35 status.
2. Ensure your contracts meet IR35 standards
A contract review can demonstrate that you are indeed “self-employed” as defined by HMRC. You will also have peace of mind knowing that your written contracts match your actual working practices and that their clauses reflect the agreement between your intermediary and the end-user client.
3. Verify your IR35 status fairly and accurately
With expert advice, you will know with certainty whether your business falls within the scope of IR35 and whether your contracts are free from common IR35-fail clauses.
4. Professionals can negotiate your employment status
If the need arises, an IR35 review can enable you to have contract review specialists negotiate with your intermediary or end-user clients on your behalf. This will allow you to incorporate new clauses or amend provisions in your contracts, which can further strengthen your status as a self-employed individual.
5. Obtain personalised recommendations
Working with experienced professionals will give you access to tailored recommendations regarding how to ensure your business remains outside IR35. This can help you avoid committing violations unknowingly and paying hefty fines as a result.
How Does Our IR35 Contract Review Work?
At BEB, our goal is to protect and promote your business. We will take a careful and comprehensive approach to reviewing your contracts and working practices to ensure your business ticks all the boxes on the IR35 checklist.
Our IR35 contract review will be carried out by our team of highly qualified and experienced contract and legal specialists. To verify your status, you will need to send us your existing or proposed contracts with any relevant or supporting documents and we will then commence the IR35 review process immediately.
As part of our service, you can expect:
- Our expert opinion on whether your contracts fall inside or outside IR35.
- A comprehensive review of your written contracts, including our professional opinion on the IR35 status of each contract clause/element.
- A comprehensive review of your actual working arrangements based on the questionnaire you completed and our expert opinion on the status of every working practice.
- A detailed and easy-to-follow list of changes you must incorporate in your contracts.
- Our professional recommendations in relation to improving compliance with IR35 rules.
- Specialist advice from our legal professionals to help improve your knowledge and understanding of the IR35 legislation.
Furthermore, you will always be able to rely on the full support of our IR35 consultants who will be on hand to discuss the results of your contract evaluation should you have any questions.
IR35 Contract Review Pricing
At BEB, we are committed to providing our clients with the best experience possible and this includes ensuring that our IR35 contract review service is both accessible and cost-effective. In fact, you can rest assured that our fees will always be reasonable.
For our IR35 review service, we quote our clients based on their individual needs. To help protect your business, we will conduct an initial evaluation of your contracts to look for common IR35-fail clauses and/or areas where they could be improved. Then, we will contact you as soon as possible to discuss our preliminary findings. If the contracts require some work or alterations, we may send you a quotation to reflect this. Rest assured that this quotation will be on a “no obligation” basis … our team will just want to make sure you are aware of what it may cost to have your IR35 contracts reviewed professionally.
If you have further questions about our fees, please do not hesitate to get in touch. We will be happy to answer any queries you might have.
Why Choose BEB for Your IR35 Contract Review?
At BEB, we pride ourselves on providing outstanding services, no matter what our clients need. For example, if you require any help evaluating your contracts and confirming whether your business falls outside the scope of IR35, we are confident in our ability to provide tailored advice.
Our team of experts are qualified in Contract Law and regulated by the Chartered Institute of Legal Executives (CILEx). With more than 35 years of relevant experience, we have been in this industry a long time so you can rest assured that we are well-versed in the IR35 legislation and highly capable of giving you specialist advice. More importantly, we will also ensure that your contracts comply with IR35 and HMRC standards and portray your business positively and professionally.
What sets BEB apart from the competition is that we take a personal and practical approach to fulfilling the needs of our clients. Because no two businesses are entirely alike, we will work closely with you to ensure that your legal contracts and documents are tailored to your industry and your unique needs.
With BEB, you can have peace of mind knowing that you are always in capable hands.
Let the Contract Review Specialists Help!
Compliance with UK tax legislation is extremely important. Whether your business falls within or outside the scope of IR35, it is always in your best interests as a professional contractor to assess and verify your employment status in order to avoid having to pay hefty fines or back taxes to the government.
At BEB, we can review and evaluate your IR35 contracts and provide specialist advice to help ensure compliance and to verify your status as a self-employed individual.