Our Services

IR35 Audit
Survive35 - IR35 insurance
Substitutes Bench

IR35 Audit

We have retained our own legal expert to advise on contract & IR35 issues for all our clients and help them to confirm their self-employed status.

We offer :

• Legal advice as to whether your contract can be structured outside IR35
  
• Advice on new contract terms and contract revision, including IR35 angles
  
• IR35 advice on (already signed) contract - fully detailed and reasoned written analysis and and opinion
  
• Confirmation of Arrangements. The IR35 position of the income from a contract depends on the overall picture created by the reality, viewed against the background of the obligations and responsibilities laid down by the contract, and with that in turn viewed against the overall background of the business carried on by the Contractor.
  
• Redrafting of contracts
  
• Application for Inland Revenue opinion
  
• Dealing with response to opinion from the Revenue
  
• Negotiations with clients,agencies and the Inland Revenue

Survive35

All Contract Status Reviews that have been confirmed as being outside IR35 are eligible for the Survive35 insurance.

What's Covered?
What does it Cost?
Who's Covered?
What are the Requirements?
What's not included?
How do I apply?

What is Covered by this Insurance?

• Up to £50,000 cover is available to reimburse any additional tax, interest and penalty liabilities that may arise following the imposition of IR35 regulations on income from contracts that have been subject to a Status Review by ITAccounting and passed as being outside IR35.
  
• The cover is for all contracts that have been successfully subjected to a Status Review by ITAccounting within the company accounting period that you designate on your application form.
  
• In order to ensure that the best resources are available to dispute any Inland Revenue claims, Survive 35 must be taken out in conjunction with an Abbey Tax Professional Expenses Insurance policy.

What does it Cost?
The premium is calculated based on the total income from all contracts that have been successfully subjected to a Status Review by ITAccounting during the designated company accounting period. If the value of the approved contracts exceeds the amount declared on the application form then Abbey Tax must be notified immediately.

Annual Value of Contracts less than £75,000                               £393.75
Annual Value of Contracts between £75,000 and £150,000         £546.00
Annual Value of Contracts over £150,000                                     POA
ITAccounting Status Review                                                         £150.00 + VAT
Abbey Tax PEI                                                                               £78.75

Who's Covered
The Company and the named Directors and Shareholders

What are the Requirements
We are only offering the Conract Status Review and Survive35 insurance to ITAccounting registered clients.

Relevant contracts must first have been subject to a Status Review and approved as outside IR35 by ITAccounting.

Any material change in activities during the term of the Insured Contracts must be notified to ITAccounting immediately.

A material change in activities may mean a further Status Review is required.

Abbey Tax Professional Expense Insurance cover must be in force at the the time the Inland Revenue give Notice of their intention to Enquire into the Insured Contract.

All Inland Revenue communication relating to an Insured Contract must be notified to ITAccounting immediately it is received.

You must co-operate fullly with ITAccounting and Abbey Tax during an Inland Revenue enquiry.

What's not Included

• The first £300 of each claim
  
• Liabilities arising due to excessive expense claims
  
• Liabilities arising that are not directly related to the Insured Contract
  
• Liabilities resulting from arithemetical errors in the submission of original Self Assessment Returns
  
• a claim that arises following the late submission of a P35 Return
  
• Losses that are agreed prior to the written acceptance of the claim

How do I apply
Send an email to Survive35@itaccounting.co.uk or call free on 0800 169 3034

Substitutes Bench

• Do you have a substitution clause in your contract?
  
• Need to find a substitute with relevant key skills to substitute for you from time to time?
  
• Want to make yourself available for short periods of time

Register with the ITA Substitutes Bench and add your key skills. Whether you are between contracts, like the idea of doing something different for short periods of time, by adding your key skills to the ITA Substitutes Bench you will be advertising your availability for additional work.