IR35 - What's It All About?
Put simply, the Intermediaries Legislation (now known as IR35) relates to the tax rules put forward by the Inland Revenue (now ‘Her Majesty’s Revenue & Customs’ “HMRC”) to restrict freelance contractors from gaining tax advantages by claiming to be self-employed when they are not.
The Intermediaries Legislation was introduced on 6th April 2000; it was first proposed by the Chancellor in the 1999 Budget and details were given in the Budget press release which was called IR35.
Following consultation, revised proposals were announced in a new press release dated 23 September 1999, the legislation caused such a stir in that it changed the face of freelance contracting in the UK and it is now commonly referred to as ‘IR35’.
In HMRC’s own words; ‘The aim of the legislation is to eliminate the avoidance of Tax and National Insurance Contributions (NICs) through the use of intermediaries, such as Personal Service Companies or partnerships, in circumstances where an individual worker would otherwise – for tax purposes, be regarded as an employee of the client; and for NICs purposes, be regarded as employed in employed earner’s employment by the client.'
Modern Day Anti-Slavery Policy
This statement is made under our legal and regulatory obligations pursuant to section 54(1) of the UK’s Modern Slavery Act 2015 (the Act) and sets out the steps we have and continue to take to ensure that modern slavery or human trafficking is not taking place within our business or supply chain.The company are proud of the group wide conditions under which employees, temporary workers and contractors are engaged. Given the nature of our business, our Board and Senior Management teams each consider that there is minimal risk (approximating to no risk) that, either within the Group or across our limited supply chains which support our business activities, we are in any way involved in or even tangentially supportive of, or complicit in slavery and human trafficking.The employment and procurement practices operated by the businesses within the Group ensure that the companies within our Group are rightly viewed as excellent and supportive employers.To this extent, our Group companies operate as purchasers of goods and/or services, and therefore we expect a high level of ethical conduct from those businesses with which we conduct business.
Anti-Slavery Policy Statement:
The Company has a zero tolerance policy towards any form of slavery and human trafficking and is committed to acting ethically, fairly and with integrity and transparency in all business dealings and relationships, and implementing effective systems and controls to safeguard against any form of slavery or human trafficking from taking place within our organisation or that of our supply chain.
Our policy and processes for the prevention of slavery and human trafficking will be communicated to all employees, temporary workers and contractors to ensure a high level of understanding of the risks of modern slavery and human trafficking, and will further form part of the company’s training and supporting materials.
Hi Ruksana, Your service and care of my business has been so good over the years - I responded to the reference request immediately they sent it to me yesterday. Good luck with accreditation.