I understand that there are new tax rules applying to contractors from April 2000 under the Inland Revenue IR35 rules. How will this effect me?
A. . The Inland Revenue are introduced new rules from April 2000 which will apply to some contractors and consultants, but not to all. Whether they apply in a particular case is determined in simplistic terms by whether the contractor or consultant “looks like” an employee, using the Inland Revenue’s tests of employment. If they do, then IR35 applies and if they don’t then IR35 does not apply. It is possible for a consultant to have some contracts which fall within the new rules and some that do not.
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